Скачать или смотреть "Motor Accident Claim Interest Exempt From Income Tax": Nirmala Sitharaman

Finance Minister Nirmala Sitharaman proposed several measures to ease the tax burden on citizens in Budget 2026. Key announcements include:

Exemption of interest awarded by Motor Accident Claims Tribunal from income tax, with no TDS on such amounts.

Reduction in TCS rates: overseas tour packages from 5–20% to 2%, and for education and medical remittances under LRS from 5% to 2%.

Clarification on TDS for manpower services, with rates fixed at 1–2% to remove ambiguity

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