TDS Issue..

This discussion clarifies the TDS (Tax Deducted at Source) on salary, specifically addressing the exemption limit for AY 20-21. It confirms that for FY 2019-20 (AY 2020-21), the exemption limit was ₹2,50,000. The conversation also touches upon the difference between old and new tax regimes and explains that Form 16 is issued by the employer when TDS is deducted. If an employer deducts TDS but doesn't issue Form 16, it's advised to follow up in writing, as the deducted TDS should reflect in the 26AS statement.