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TDS in case of new Tax regime

Others 233 views 4 replies

Aanshi Jain

41 Points Posted on 30 March 2021

Assessee is BOI, assessee has to deduct TDS for its employees. Now whether TDS will be deducted as per old Tax regime or Assesse has to give option to its employees and tax will be deducted accordingly.

Replies (4)

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 30 March 2021

TDS should be deducted under old regime u/s 192 for salary

CMA Poornima Madhava

CMA

13117 Points Posted on 31 March 2021

As I understand, employees are free to choose (once in a year) between new and old regime.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 18 April 2021

It's upto Assessee's choice

Ankit Neema

2742 Points Posted on 18 April 2021

Employee have to give the approval to employer regarding acceptance of old or new tax regime

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