Budget 2025: Finance Minister Increases TDS Limit to Rs 10 Lakh, Makes NSS Withdrawals Tax-Free
2025-02-02
MSN
In a significant move, Finance Minister Nirmala Sitharaman announced major tax reforms in the Union Budget 2025, introducing a range of tax relief measures. Key highlights include raising the TDS limit to Rs 10 lakh and exempting income up to Rs 12 lakh from taxation, making withdrawals from National Savings Scheme (NSS) accounts tax-free. These reforms aim to boost economic growth and provide financial relief to individuals, with a focus on income tax exemption and tax-free savings. The changes are expected to have a positive impact on personal finance and tax planning, especially for those with investments in NSS and other tax-saving schemes.
