Changes In Tds Rates For Fy 2024-25. From october 1, 2024, budget 2024 has significant changes to tax deducted at source (tds) will take effect, aimed at simplifying compliance and easing tax burdens for businesses and individuals. Applicable surcharge and health and education cess shall be.

This table provides a streamlined view of the tds rates for various categories of payments to resident indians, with specific sections of the income tax act noted for clarity. Budget 2024 introduces reductions in the tds rates for specific payments to foster business operations and improve compliance among taxpayers.