Tds under sec.192

This discussion clarifies Tax Deducted at Source (TDS) for individuals receiving both salary and pension income. It addresses the calculation of TDS and tax liability under both the old and new tax regimes, highlighting the implications of deductions and exemptions available in each. The advice given is to calculate tax carefully under the new regime, considering that standard deductions for pensioners and other common deductions may not apply, and to compare the old and new regimes to determine the most beneficial option for filing tax returns and paying any additional tax due.