TDS rates reduced in Budget 2024: New tax deducted at source applicable on rent payments, insurance, purchase of MF units, sale of property

TDS rates changed in Budget 2024: On July 23, 2024, Finance Minister Nirmala Sitharaman presented Budget 2024, which included several proposed tax-related changes. These changes encompassed adjustments to the Tax Deducted at Source (TDS) rates. Let's take a closer look at the significant modifications to the TDS rates and their respective implementation dates.