Budget: Rent TDS limit up to ₹6 लाख, education loan TCS removed

• Budget 2025 introduced two major tax reliefs for TDS and TCS to ease compliance and improve cash flow.
• TDS exemption limit on rent for non-individual taxpayers increased from ₹2.4 lakh to ₹6 lakh annually, effective April 1, 2025.
• This TDS change reduces compliance for small businesses and improves cash flow for landlords.
• TCS on foreign remittances for education loans (under Section 80E) has been removed, effective April 1, 2025.
• For self-funded education, the TCS exemption limit increased from ₹7 lakh to ₹10 lakh, with 5% TCS above this.

Why It Matters: Tax rule changes ease financial burden and simplify compliance for businesses and students.