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flag India introduces new TDS rules to ease tax compliance and provide financial relief to citizens.

flag The Indian government has introduced new TDS (Tax Deducted at Source) rules effective April 1, 2025, aimed at easing tax compliance and reducing the tax burden. flag Key changes include raising the TDS exemption for senior citizens on interest income to Rs 1 lakh from Rs 50,000 and for general citizens to Rs 50,000 from Rs 40,000. flag Rental income TDS exemption has increased to Rs 50,000 per month, and TDS on lottery and horse race winnings will now only apply if a single transaction exceeds Rs 10,000. flag Investors in mutual funds and stocks see their TDS exemption limit on dividends and income increase to Rs 10,000. flag These changes aim to simplify tax compliance and provide financial relief.

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