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Union Budget: Annual TDS exemption limit on rental income increased to Rs 6 lakh

The move is projected to reduce the administrative burden associated with TDS on a considerable number of rental transactions, thus providing relief to a large segment of small property owners and those receiving rental payments.

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Finance Minister Nirmala Sitharaman unveiled a series of tax reforms in her Budget 2025-26 speech, focusing on simplification and relief for taxpayers. A key highlight was the substantial increase in the tax deduction at source (TDS) threshold for rental income. This crucial adjustment raises the annual limit from ₹2.4 lakh to ₹6 lakh, significantly impacting both landlords and tenants.

The move is projected to reduce the administrative burden associated with TDS on a considerable number of rental transactions, thus providing relief to a large segment of small property owners and those receiving rental payments.

The Finance Minister emphasized the government’s commitment to streamlining the TDS framework, highlighting the reduction in the number of tax rates and a corresponding increase in threshold amounts. This simplification is intended to enhance clarity and uniformity across the tax system, making it easier for both individuals and businesses to navigate the complexities of TDS compliance. The changes aim to create a more transparent and less cumbersome tax landscape.

Beyond the changes to TDS on rental income, the Budget 2025-26 introduced provisions allowing for two self-occupied properties to be valued at zero for tax purposes. Previously, only one self-occupied property benefited from this valuation, which significantly reduces the overall tax burden for homeowners. The extension of this benefit to a second property represents a considerable concession designed to alleviate the financial pressure on a wider segment of the population.

Further enhancements to the tax system included adjustments to the tax collection at source (TCS) framework. The threshold for remittances under the Liberalised Remittance Scheme (LRS) has been elevated from ₹7 lakh to ₹10 lakh, permitting individuals to remit larger sums abroad without incurring TCS.

Furthermore, the TCS on education loan remittances has been entirely removed, a move anticipated to benefit numerous students and their families. The government has also eliminated the TCS requirement on goods transactions, further reducing compliance burdens for businesses. A comprehensive revision of TDS rates aims to ensure greater clarity and consistency across the tax system.

The Budget 2025-26 also brought welcome news for salaried individuals under the new tax regime. Income tax is eliminated for those earning up to ₹12 lakh annually, providing substantial relief to a considerable segment of the population. An additional rebate of ₹75,000 was also announced, offering further financial respite. It’s important to note that these benefits do not extend to long-term capital gains. Overall, the Budget 2025-26 showcased a strong focus on simplifying tax regulations, reducing compliance burdens, and providing targeted relief to various groups within the Indian economy.

Entertainment

Diljit Dosanjh’s Satluj removed from ZEE5 India two days after release

Diljit Dosanjh’s Satluj, released on ZEE5 on July 3, has been taken down in India. The streaming platform says it is exploring appropriate avenues to restore the film.

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Diljit Dosanjh’s film Satluj, which premiered on ZEE5 on July 3, has been removed from the streaming platform in India just two days after its release. The platform confirmed the development through an official statement, saying the film will remain unavailable in the country until further notice.

Originally titled Punjab 95, the film had been awaiting certification for several years after it was submitted to the Central Board of Film Certification (CBFC) in 2022. It was eventually released on ZEE5 under the title Satluj.

ZEE5 thanks viewers for support

In its statement, ZEE5 expressed gratitude to viewers for the response the film received after its release.

The platform said the audience’s support and appreciation had been overwhelming and thanked subscribers who watched and backed the film.

ZEE5 also reiterated its confidence in the project, stating that it continues to support Satluj and the creative vision behind it. According to the platform, it believes meaningful storytelling can create a lasting impact and remains committed to backing authentic narratives.

Film unavailable in India until further notice

The streaming service confirmed that Satluj has been withdrawn from its Indian catalogue for the time being.

In its statement, ZEE5 said it is exploring all appropriate avenues through due process to make the film available again at the earliest opportunity. The platform added that it remains committed to supporting creators and stories made with artistic integrity and purpose.

While the film is currently unavailable to viewers in India, ZEE5 has not specified when it is expected to return to the platform.

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India News

Heavy rain disrupts flights, triggers flood alerts as monsoon intensifies across India

Heavy monsoon rainfall disrupted flights in Mumbai, prompted an orange alert in Delhi and led the IMD to issue heavy rain warnings for several states as a Bay of Bengal depression intensified.

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Monsoon

Heavy monsoon rainfall continued to affect several parts of the country on Sunday and Monday, disrupting air travel, inundating roads and prompting weather alerts in multiple states. The India Meteorological Department (IMD) has warned that a depression over the Bay of Bengal is likely to bring widespread heavy to very heavy rainfall across eastern India over the next 24 hours.

Mumbai bears the brunt of heavy rainfall

Mumbai experienced one of the most severe impacts of the ongoing monsoon spell after heavy overnight rain and strong winds temporarily halted runway operations at Chhatrapati Shivaji Maharaj International Airport for around an hour.

The disruption led to the cancellation of four IndiGo flights, while 13 incoming flights were diverted before operations gradually returned to normal. Flight tracking data also showed significant delays, with nearly 90 per cent of departing flights delayed by more than an hour on average and almost half of arriving flights running behind schedule.

The IMD maintained a red alert for Mumbai after several areas recorded more than 200 mm of rainfall within 24 hours, with some locations receiving close to 300 mm.

IMD forecasts widespread heavy rainfall

According to the IMD, a well-marked low-pressure area over the Bay of Bengal has intensified into a depression and is expected to cross the north Odisha coast within the next 24 hours.

The weather system is expected to bring widespread heavy to very heavy rainfall across eastern India, while several other regions continue to remain under rainfall alerts due to active monsoon conditions.

Delhi under orange alert after hottest July day in two years

The IMD has issued an orange alert for Delhi, forecasting a generally cloudy sky with moderate rainfall across the national capital.

The alert comes after Delhi recorded its hottest July day in two years on Sunday, with the maximum temperature reaching 38.6 degrees Celsius. Despite the heat, moderate showers provided temporary relief in several areas of Delhi-NCR.

Chhatarpur recorded the highest rainfall in the region, receiving 49 mm of rain by Sunday afternoon. However, waterlogging was reported in parts of the locality, affecting commuters and residents.

Heavy rain forecast for Tamil Nadu

The IMD has also forecast heavy rainfall at isolated locations in Coimbatore and the Nilgiris on Monday.

According to the Regional Meteorological Centre in Chennai, multiple weather systems, including a trough extending from south Gujarat to Kerala and the depression over the Bay of Bengal, are expected to support widespread rainfall across parts of Tamil Nadu. Other districts along the Western Ghats are also likely to receive moderate rainfall accompanied by gusty winds.

Rain-related incidents reported in Maharashtra

Heavy rainfall also led to several rain-related incidents in Maharashtra’s Thane and Palghar districts.

A 17-year-old boy drowned in the swollen Kamvari River in Bhiwandi, while two people were injured after part of a second-floor balcony collapsed in Navi Mumbai’s Vashi area. Authorities said continuous rainfall also triggered structural collapses and tree-fall incidents in several locations.

With active monsoon conditions continuing across large parts of the country, authorities have urged residents in affected regions to remain cautious and follow official weather advisories.

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India News

Vaibhav Sooryavanshi becomes India’s youngest international debutant, surpasses Sachin Tendulkar

Teenage batting sensation Vaibhav Sooryavanshi has become India’s youngest-ever international cricketer after making his debut in the second T20I against England at the age of 15 years and 99 days. The milestone sees him surpass Sachin Tendulkar and Shafali Verma in the Indian record books.

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Indian cricket witnessed the beginning of a new era as teenage batting sensation Vaibhav Sooryavanshi made his senior international debut, becoming the youngest player ever to represent India in men’s or women’s cricket.

The left-handed batter received his maiden India cap ahead of the second T20I against England in Manchester. At 15 years and 99 days, Sooryavanshi broke a long-standing national record previously held by cricket legend Sachin Tendulkar, who made his international debut at the age of 16 years and 205 days in 1989.

The milestone also saw Sooryavanshi overtake Shafali Verma, who had been India’s youngest international debutant overall after making her debut at 15 years and 239 days.

Historic moment for Indian cricket

The young opener’s debut had been eagerly anticipated ever since he was included in India’s squads for the Ireland and England T20I series.

Although he did not feature in the matches against Ireland, India initially continued with the experienced opening pair of Sanju Samson and Abhishek Sharma for the opening T20I against England. Following Samson’s struggles with the bat, discussions around Sooryavanshi’s inclusion intensified.

The Indian team management eventually decided to hand the youngster his opportunity, with captain Shreyas Iyer and head coach Gautam Gambhir backing the teenager for his first international appearance. The debut cap was presented to him by Tilak Verma before the Manchester encounter.

Youngest men’s debutants for India

Following his debut, Sooryavanshi now tops the list of India’s youngest men’s international debutants.

  • Vaibhav Sooryavanshi – 15 years, 99 days (vs England, July 4, 2026)
  • Sachin Tendulkar – 16 years, 205 days (vs Pakistan, November 15, 1989)
  • Piyush Chawla – 17 years, 75 days
  • Laxman Sivaramakrishnan – 17 years, 118 days
  • Parthiv Patel – 17 years, 152 days
  • Maninder Singh – 17 years, 193 days

While Sooryavanshi now holds the record for India’s youngest international debutant, Pakistan’s Hasan Raza remains the youngest men’s Test debutant globally at 14 years and 227 days. Romania’s Marian Gherasim continues to hold the record as the youngest international cricketer overall, having debuted in T20Is at 14 years and 16 days.

Shreyas Iyer backs the young opener

Speaking before the match, captain Shreyas Iyer expressed confidence in the youngster’s temperament and ability to perform at the highest level.

Iyer said Sooryavanshi had consistently impressed during training, adding that the teenager deserved his opportunity after displaying fearless batting and showing no signs of pressure despite his age.

IPL heroics paved the way

Sooryavanshi’s selection followed a remarkable IPL 2026 campaign for the Rajasthan Royals, where he emerged as the tournament’s highest run-scorer.

He accumulated 776 runs at a strike rate of 237.30, registering one century and five half-centuries while smashing 72 sixes. His performances earned him multiple individual honours, including the Orange Cap, Most Valuable Player, Emerging Player, Super Striker, and Super Sixes awards.

Strong performances across formats

The teenager has also impressed in domestic and age-group cricket.

During the recent tri-series involving Sri Lanka A and Afghanistan A, he scored 211 runs in five innings, including a match-winning 94 in the final. He also recorded the fastest fifty in List A cricket by reaching the milestone in just 11 balls against Sri Lanka A.

His record in youth cricket has been equally impressive. Sooryavanshi finished as the leading run-scorer at the Under-19 World Cup with 439 runs in seven matches, helping India lift the title. He also set a tournament record by hitting 30 sixes.

Across youth ODIs, he has accumulated 1,412 runs at an average of 56.48, while his T20 numbers include 1,477 runs from 34 innings at a strike rate above 220.

In the IPL, the youngster has already crossed the 1,000-run mark in just 23 innings, underlining the promise that has made him one of India’s brightest emerging talents.

With his record-breaking debut now complete, Indian cricket fans will be hoping that Vaibhav Sooryavanshi’s international journey lives up to the enormous expectations surrounding one of the country’s most exciting young prospects.

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