banner_ad

Tds on salary - Effect of rebate

Others 344 views 4 replies
User Avatar

cpt
50 Points Posted on 28 March 2020
Can we consider the benefit from rebate while computing income of employees for deducting tds on salary ?
0 Reply Share Follow
On 28 March 2020 at 06:42 Report
Replies (4)
User Avatar

CFO- at NHTF
58280 Points Posted on 28 March 2020
Yes.Rebate should be considered if the annual income is less than 5lacs.Else no rebate
1 Reply
On 28 March 2020 at 07:00
User Avatar

cpt
50 Points Posted on 28 March 2020
Thanks, but while introducing sec 87A no changes had been made in sec 192, this brings some confusion
Reply
On 28 March 2020 at 08:11
User Avatar

CFO- at NHTF
58280 Points Posted on 28 March 2020
Section 192 has to be bound by tax rates & tax liability.
Rebate is form part of calculating tax liability
2 Reply
On 28 March 2020 at 08:14
User Avatar

Consultant
1891 Points Posted on 28 March 2020

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

Reply
On 28 March 2020 at 14:11


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details