Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
← back
Informative
New TDS Rules for Floating Rate Savings Bonds w.e.f 1st October 2024
Update / Judgement Date
26 Jul 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Financial PlanningIncome TaxRBI
Effective October 1, 2024, new Tax Deducted at Source (TDS) rules will apply to Floating Rate Savings Bonds. Under these rules, the TDS rate on interest earned from these bonds will be 10% for residents, with the option to avail lower rates if applicable. The revised provisions aim to simplify tax compliance for investors and enhance clarity in tax deductions related to such bonds. These changes are intended to align with broader tax regulations and streamline the process for both investors and tax authorities.
