TDS on Salary Upto 7 Lacs

Hi Sir

Could i know is it require to deduct TDS on Salary, if the Salary is upto 7 lacs under New Scheme

Please advise

Thanks 

Replies (3)
Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) is required on salaries up to 7 lakhs under the new tax regime. According to Section 192, TDS is applied at the time of salary payment. However, if the tax liability under the new scheme is zero for individuals, no TDS deduction is necessary. The nature of the assessee and income details are generally not pertinent in this specific scenario as the salary recipient is an individual.

Under Section 192, TDS is deducted at the time of actual payment of salary and not during the accrual of salary.

As the tax liability under new regime is zero for individuals, no TDS liability arises.

Post details unless you post details nothing is possible. Nature of assesse, source , income details. Tds on 7 lacs is not pertinent 

 

 

 

 

Nature of assessee receiving salary cannot be any other than an individual.

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