But financial experts don't agree that TDS relief is a good thing for everybody. Actually, for someone who needs to pay tax, TDS is better. The bank interest TDS move, combined with an income tax rebate, may bring more deposits of smaller investors to banks. Rent trenchAnother TDS relief in interim Budget 2019 is one related to rent. The TDS threshold for deduction of tax on rent has been proposed to be increased from Rs 1.8 lakh to Rs 2.4 lakh for providing relief to small taxpayers.

Source: dna February 07, 2019 01:18 UTC