This aims to boost household consumption and savings. For senior citizens, the budget introduced some key enhancements to lessen their tax liabilities. The Finance Minister announced measures to ...

Finance Minister Nirmala Sitharaman unveiled important tax relief initiatives for senior citizens in the Union Budget 2025. These measures include an increased tax deduction limit on interest income ...

Finance minister Nirmala Sitharaman introduced several tax reforms in the Budget 2025 intended to benefit middle-class taxpayers, including senior citizens. Finance minister Nirmala Sitharaman ...

Finance Minister Nirmala Sitharaman has announced some tax measures that can ease the compliance burden of senior citizens. TDS threshold on FD interest income doubled. Budget 2025 ...

Follow Union Budget 2025-26 LIVE UPDATES here "The limit for tax deduction on interest for senior citizens is being doubled from the present Rs 50,000 to Rs 1 lakh," the minister said in the Lower ...

Finance Minister Nirmala Sitharaman’s eighth Union Budget 2025 focused on easing some financial worries of senior citizens. The tax deduction limit on interest income for them has been doubled from Rs ...

With the Union Budget 2025 set to be presented by Finance Minister Nirmala Sitharaman on February 1, expectations are high among senior citizens regarding potential tax exemptions and interest rates ...

Will Finance Minister Nirmala Sitharaman’s bahikhata contain tax goodies for senior citizens when it is opened on February 1? That’s the question on the minds of those over the age of the ...

“This budget was made sensibly to give relief to middle class families and senior citizens.” The budget also exempted withdrawals from old National Savings Scheme accounts after August ...

Currently, TDS is deducted at interest income above ₹50,000 for senior citizens with total income ... securities held in demat format. As per the budget proposal, interest up to ₹10,000 ...

in her Budget speech today (February 1), announced about doubling limit for tax deduction for senior citizens. "Limit for tax deduction on interest income to be doubled to Rs 1 lakh for senior ...

Also read: Latest Kotak Mahindra Bank changes and charges for account holders—From ATM transaction limits to cash transaction charges Banks offering highest rates on one-year FD for senior citizens ...