Hi Sir
Could i know is it require to deduct TDS on Salary, if the Salary is upto 7 lacs under New Scheme
Please advise
Thanks
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182799 Points)
Replied 02 December 2024
Under Section 192, TDS is deducted at the time of actual payment of salary and not during the accrual of salary.
As the tax liability under new regime is zero for individuals, no TDS liability arises.
sabyasachi mukherjee
(27636 Points)
Replied 03 December 2024
Post details unless you post details nothing is possible. Nature of assesse, source , income details. Tds on 7 lacs is not pertinent
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182799 Points)
Replied 03 December 2024
Nature of assessee receiving salary cannot be any other than an individual.
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