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Any TDS rebate for this financial year

Nalaparaju Venkanna (32 Points)

04 July 2020

any rebate given government
on TDS FOR EMPLOYEES THIS FINANCIAL YEAR

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3 Replies

piyush (ca) (79 Points)
Replied 04 July 2020

For F.Y. 2019-20
50000 rebate is there

For F.Y. 2020-21
as per my opinion
depend upon what scheme you opt, old or new
under old Income tax scheme you get that 50000 rebate still

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CA Raj Doshi (Practising CA) (8944 Points)
Replied 04 July 2020

50000 is standard deduction @ Piyush ji

For FY 2020-21, there is no relaxation of TDS on salary as of yet.

Kannan .m (Accountant) (15 Points)
Replied 04 July 2020

There is no changes on 87A (Rs.12500) if taxable income with in 5 lac can avail this rebate.

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