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Tds on salary 23

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(Querist)
04 May 2023 Hello Sir

Please clear my doubt about tds on salary.... net salary is 430000 after all deduction like standard ded., home loan , lic etc. Please clearify tds deduct on 430000 or not. If not please clearify why.
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Gokul Sharma

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Gokul Sharma (Expert)
04 May 2023 NOT REQUIRED TO DEDUCT AS WITHIN THE LIMIT...
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neha

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neha (Querist)
04 May 2023 but sir we come to income tax slab rate .. why not deduct the tds



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Manish

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Manish (Expert)
04 May 2023 There is a rebate u/s 87A for resident individuals. Income up to 5 lakhs is effectively tax-free under the old tax regime.

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