I am 62 years old and getting monthly pension @ 42,400/. I retired from Government of India in April 2022 and joined as financial expert in Municipal Corporation at a consolidated salary @ ₹75,000/-. Municipal Corporation is deducting my TDS under 194-J. I am of the opinion that I am exempted from deduction of TDS under section 207 of the Income Tax Act. Please reply, whether I am right or wrong?
Regards
CAclubindia
