The Income Tax Act, 2025, effective April 1, maintains existing TDS thresholds on bank interest. The I-T department clarified the definition of banking company and the rules around TDS. Here are the prescribed limits and how much TDS gets deducted on bank interest income.
TDS on bank interest explained: Who is liable and how much gets deducted under new income tax rules?
The Income Tax Act, 2025, effective April 1, maintains existing TDS thresholds on bank interest. The I-T department clarified the definition of banking com…
Lok Darpan
