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 […]
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 […]
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, […]
