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of <h1>Finance Bill 2025 proposes raising tax deduction threshold on mutual fund income from Rs. 5,000 to Rs. 10,000 under Section 194K.</h1> Section 194K of the Finance Bill 2025 proposes changes regarding tax deduction at source for income from mutual fund units. Currently, a 10% tax is deducted if the income exceeds Rs. 5,000 annually. The proposed amendment raises this threshold to Rs. 10,000, effective from April 1, 2025. This change applies to income from units of a mutual fund specified under clause 23D of section 10, units from the Administrator of the specified undertaking, or units from the specified company.
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