30 March 2023
Hello everyone. I have a doubt relating to TDS deducted by company and tax rebate. If my income is 6 lacs and I don't have any investments made. How it is taxable if I want to opt for new tax regime wherein upto 7lacs is zero tax liability?
If from 3-6 lacs there is 5% of tax is applicable. Is it that our company will deduct tds and then we need to claim it under tax rebate u/s 87A? Or no TDS will be deducted?
30 March 2023
Okay, May I please know how sir? Also guide me on 1.what salary amount TDS is require to deduct. 2. When and how tax rebate can be claim?
CAclubindia
