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The new income tax bill has changed the TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) rules several times.
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New TDS rules from April 1: Higher limit for tax deduction on FD interest, lottery wins; check its impactThis means if a senior citizen keeps his/her interest income below Rs 1 lakh, then the bank will not cut any TDS. To avoid new TDS on interest above Rs 1 lakh, how much should senior citizens ...
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