New Delhi, Feb 1 (IANS) In a major relief to small savers, the TDS threshold on interest on bank and post office deposits has been raised to Rs 40,000 in the Interim Budget for 2019.20.
Presenting the budget, Finance Minister Piyush Goyal announced that the TDS threshold on rental income had been increased from Rs 1.8 lakh to Rs 2.4 lakh.
The earlier TDS threshold on the interest on such deposits was Rs 10,000.
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
