Subject: Non-Applicability of Provisions of Section 206AA Due to Employees’ Salary Income Below Taxa


This query is : Resolved 

Quick Summary
This discussion addresses a query regarding a 20% Tax Deducted at Source (TDS) being applied to an employee's salary, even though their annual income is below ₹4 Lakh. The user is questioning the correctness of this deduction, especially as it exceeds the basic exemption limit. The response clarifies that while the salary might be below the exemption limit, other factors or specific account statuses could potentially lead to such deductions under Section 206AA.

(Querist)
27 June 2024 sir My Salary is Below 4 Lak but tax charge 20% reason for in - operative account. its correct ??

27 June 2024 Still it is more than 'Basic Exemption Limit', in either regime.

29 August 2024 Good Luck.


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