Question ID :
44977
TDS liability on interest
A proprietor firm is paying interest on loan to individuals.
Whether exemption limit for them is Rs 50000- for FY 2025-26
Posted by
Mahesh Kumar
on
Apr 09, 2026
Filed Under
Direct Taxes
For non-banking payers, TDS is applicable if interest exceeds ?10,000 in a year.
Posted by
CA. SATISH CHAND GARG on
Apr 09, 2026
Answer ID :
86123
Upto 10000 only
Posted by
CA. SURAJ KUMAR CHOUDHARY on
Apr 10, 2026
Answer ID :
86125
In FY 2025-26 Senior citizen could have filed Form 15H if income was below Rs 12 lac. Whether this has been replaced by Exemption Limit
Posted by
Mahesh Kumar on
Apr 12, 2026
Answer ID :
86127
Rs 10000
Posted by
SIVADAS CHETTOOR on
Apr 13, 2026
Answer ID :
86128
Pl clarify the age of the party
Posted by
SIVADAS CHETTOOR on
Apr 13, 2026
Answer ID :
86137
No, the exemption limit is not ?50,000 for interest paid by a proprietor to individual lenders.
For FY 2025-26, the correct TDS threshold under Section 194A is: 1. ?40,000 for non-senior individual lenders and 2. ?50,000 for senior citizens (60 years or above)
Posted by
NAGAMALLA SHIVA KUMAR on
Apr 14, 2026