Union Budget 2025: FM Sitharaman Announces TDS Rationalisation, Higher Exemption Limits For Senior Citizens

Finance Minister Nirmala Sitharaman announced today that TDS rates will be rationalised in the 2025 Budget, providing much-needed relief to taxpayers.

The tax deduction limit on interest for senior citizens is set to double from the current ₹50,000 to ₹1 lakh.

Additionally, the minister stated that the TDS threshold on rental income will be raised to ₹6 lakh.

The rationalisation aims to simplify TDS by reducing the number of rates and thresholds at which tax is deducted.

(More details awaited)