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Tds on salary - Effect of rebate

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cpt
50 Points Joined May 2017
Can we consider the benefit from rebate while computing income of employees for deducting tds on salary ?
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On 28 March 2020 at 06:42 Report
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CFO- at NHTF
58280 Points Joined August 2012
Yes.Rebate should be considered if the annual income is less than 5lacs.Else no rebate
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On 28 March 2020 at 07:00
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cpt
50 Points Joined May 2017
Thanks, but while introducing sec 87A no changes had been made in sec 192, this brings some confusion
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On 28 March 2020 at 08:11
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CFO- at NHTF
58280 Points Joined August 2012
Section 192 has to be bound by tax rates & tax liability.
Rebate is form part of calculating tax liability
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On 28 March 2020 at 08:14
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Consultant
1891 Points Joined April 2019

Yes, take effect of the rebate for calculating TDS on Salary. 

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On 28 March 2020 at 14:11

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