Dear sir/madam,
As per new budget, the individual tax slab is increased to Rs. 5,00,000/-. So if a person is receiving Rs. 35,000/- per month, does the employer need to calculate and deduct TDS on salary? Because still he/she is coming below the taxable category right (Rs. 4,20,000/- per annum). So does the employer need calculate and deduct TDS on salary?