06 May 2020
Where the total income form salary i.e after reduction of standard deduction, professional tax and exempt allowances exceeds maximum amount not chargeable to tax i.e Rs.2,50,000 for age upo 60 years, Rs.3,00,000 for age more than 60 years Tax has to be deducted after allowing deduction under chapter VIA, rebate u/s 87A if applicable. TDS return has also to be filed in such cases where the salary income exceeds maximum amount not chargeable to tax even if there is no TDS because of deductions and rebate.
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