New Delhi, April 14 -- With the start of the financial year from 1 April 2026, several key changes to tax deducted at source (TDS) and tax collected at source (TCS) have come into effect. The new rules aim to save time, reduce manual errors, avoid mismatches, and ensure faster processing.

The reforms affect a wide range of financial transactions, including foreign remittances, property transactions, and investment income. Here are the key changes that taxpayers, especially NRIs, investors, international students, and travellers should be aware of:

On the tax deducted at source (TDS) front, the government has reduced TDS rates to ease the upfront tax burden on people.

These changes are expected to provide massive relief to travellers an...