Is rebate u/s 87A considered for calculation of TDS u/s 192?
Replies (5)
Quick Summary
This discussion clarifies whether the rebate available under Section 87A of the Income Tax Act is taken into account when calculating Tax Deducted at Source (TDS) on salary under Section 192. The consensus reached is that the rebate under Section 87A is indeed considered during the TDS calculation for salary income.