How will new income tax slabs and TDS thresholds impact you?

I heard that under the new income tax rules effective April 1, 2025, there have been changes in both income tax slabs and TDS deduction limits. As a senior citizen who depends on interest income, I want to understand how these changes affect me. - Anonymous Yes, from April 1, 2025, certain changes pertaining to income tax slabs under the new regime and TDS deduction limits took effect. Here's how the revised income tax slabs and TDS thresholds will impact all taxpayers from this financial year. #1 Increase in TDS deduction limits TDS thresholds have been raised for both senior and non-senior citizens. Here are the revised limits: Interest income (For senior citizens) The TDS threshold has been increased from Rs 50,000 to Rs 1 lakh annually. No TDS will be deducted if your total interest income is within this limit. Interest income (For non-senior citizens) The TDS threshold has been raised from Rs 40,000 to Rs 50,000 Rental income The TDS threshold has been increased from Rs 2.4 lakh to Rs 6 lakh annually (Rs 50,000 per month). This applies to all taxpayers. Dividend income The TDS threshold from mutual funds (Section 194K) has b

This article was originally published on April 03, 2025.