TDS Deduction on salary income by Company.

This discussion clarifies whether TDS needs to be deducted on salaries paid to employees under the new tax regime, especially when their total income, including other sources, falls below the tax-free threshold of ₹7 lakhs. It highlights the importance of collecting employee declarations (Form 12BB) for other income and investments to accurately compute taxable income and ensure full compliance. The consensus is that if the total income remains below ₹7 lakhs under the new regime, TDS may not be required, but collecting all relevant financial details from employees is crucial.