[BREAKING] Relief to Commission Agents: Income Tax TDS Rate Cut and Threshold increase Proposed in Budget 2025

The Union Budget 2025 proposes a reduction in the TDS rate and an increase in the threshold limit for commission agents. This move aims to provide relief to individuals and businesses operating in the commission-based sector, lowering the financial burden they face due to excessive TDS deductions. With the proposed changes, commission agents will be subject to lower rates of TDS, thereby enhancing their take-home income and improving cash flow for businesses in this sector. This step is part of broader efforts to streamline tax rules and reduce compliance challenges for smaller taxpayers and those involved in specific business activities, promoting ease of doing business.