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of <h1>Dividend Income Taxable: TDS Threshold Raised to Rs. 2,500 for Seniors and Investors Under Finance Act, 2002.</h1> The Finance Act, 2002, has made dividend income from Indian company shares and mutual fund units taxable for shareholders and unitholders. A threshold limit for tax deduction at source (TDS) was initially set at Rs. 1,000 but has been increased to Rs. 2,500 for senior citizens and investors. Consequently, no tax will be deducted from dividends or mutual fund income up to Rs. 2,500 per company or fund. This change aims to enhance tax administration and compliance by synchronizing TDS data with income returns through the Income-tax Department's computerization.
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