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Tds on salary - Effect of rebate
Can we consider the benefit from rebate while computing income of employees for deducting tds on salary ?
Replies (4)
Yes.Rebate should be considered if the annual income is less than 5lacs.Else no rebate
Thanks, but while introducing sec 87A no changes had been made in sec 192, this brings some confusion
Section 192 has to be bound by tax rates & tax liability.
Rebate is form part of calculating tax liability
Rebate is form part of calculating tax liability
Yes, take effect of the rebate for calculating TDS on Salary.
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