New GST e-Invoice Rules Effective 1st June 2025 – Key Changes Explained by Taxcom Technologies
At Taxcom Technologies, we always keep our clients updated with the latest compliance changes. A recent advisory by the GST Network (GSTN) introduces an important update in the e-Invoicing system that every GST-registered business must understand and implement by 1st June 2025. 🚨 What’s New in GST e-Invoicing from 1st June 2025? The Invoice Reference […]
Compliance Calendar for April 2025 – Stay Ahead with Timely Tax & GST Filings
Table of Contents With the start of the new financial year in April, businesses and taxpayers must manage fresh compliance responsibilities while seizing new opportunities. This period is crucial for financial planning, budgeting, and ensuring adherence to GST and tax regulations. Staying updated with rule changes and integrating them into financial strategies is essential for […]
Changes in TDS Rates for FY 2025-26
Tax Deducted at Source (TDS) plays a crucial role in India’s taxation system, ensuring tax collection at the point of income generation. The new TDS rates, effective from April 1, 2025, have been updated to streamline tax compliance and improve transparency. Here’s an in-depth look at the latest TDS rates and their impact on taxpayers. […]
March 2025 Tax Calendar – Important Deadlines for Income Tax & GST
March 2025 Tax Compliance Calendar – Key Deadlines Income Tax Compliance 📅 March 7, 2025✅ Last date for depositing TDS/TCS for February 2025.✅ Government offices paying without a challan must deposit on the same day. 📅 March 15, 2025✅ Fourth installment of advance tax for AY 2025-26.✅ Full advance tax payment for taxpayers under presumptive […]
Changes in Fixed Deposit (FD) Rules 2025: TDS, Taxation, and SFT Reporting
Revised TDS Rules and Taxation on Fixed Deposits (FDs) – 2025 Increased TDS Thresholds on FD Interest Effective April 1, 2025, the government has raised the TDS thresholds on interest earned from fixed deposits: Banks will now deduct TDS only if the interest income exceeds these revised limits in a financial year. TDS Rates and […]
GST Compliance Calendar – February 2025
The GST Returns Compliance Calendar for 2025-2026 helps businesses keep track of important deadlines for filing GST returns like GSTR-1, GSTR-3B, and GSTR-9. It ensures businesses meet their tax obligations on time, avoid penalties, and stay organized throughout the year. By following the calendar, businesses can easily manage their GST filings and stay compliant with […]
Budget 2025 hikes TDS limit for bank FD
The Union Budget 2025 proposes an increase in the tax deduction at source (TDS) threshold for fixed deposit (FD) interest earned by general citizens (non-senior). Currently, banks deduct TDS when the interest paid to an account holder exceeds a specified threshold in a financial year. The deduction rate is 10% if PAN details are provided. […]
No Income Tax Up to ₹12 Lakh” – Middle Class Cheers Nirmala Sitharaman’s Budget Boost!
‘No Income Tax Up to ₹12 Lakh’: Major Relief for Middle-Class Salaried Individuals in Budget 2025 In a significant move aimed at easing the financial burden on the middle class, Finance Minister Nirmala Sitharaman announced in her Union Budget 2025-26 speech that individuals earning up to ₹12 lakh annually will not have to pay income […]
Union Budget 2025: Will the Standard Deduction Limit Increase in Both the Old and New Tax Regimes?
As Budget 2025 approaches, all eyes are on the finance minister, especially those of the salaried class. One of the biggest questions taxpayers have is whether the standard deduction limit will be increased to provide much-needed relief. Current Standard Deduction Limits Under the existing income tax laws: What Is Standard Deduction? The standard deduction is […]
Budget 2025 Expectations LIVE Updates: Key Tax Reforms and Industry Incentives
Experts have shared their insights on key expectations from Budget 2025, highlighting tax reforms, investment incentives, and policy adjustments aimed at boosting financial growth and economic stability. 1. Higher Tax Exemption Limits Under Section 80C The current ₹1.5 lakh limit under Section 80C is insufficient, given the range of eligible investments like EPF, PPF, ELSS, […]
