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tds on salary

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Taxation of Salary: Taxable and Non-Taxable Salary Components

Income Tax : Explore what’s taxable and non-taxable in salary, including allowances, perquisites and deductions. Learn key components and tax...

February 24, 2025 2178 Views 0 comment Print

TDS on Salary Circular: New Rates, Exemptions & Compliance for 2024-25

Income Tax : CBDT Circular No. 03/2025-Income Tax on Salary TDS : New Rates, Exemptions, and Compliance for 2024-25 Summary: The CBDT has intro...

February 23, 2025 3213 Views 0 comment Print

Employees Not Liable for Employer’s TDS Mismanagement

Income Tax : Explains tax compliance under the Income Tax Act, 1961, focusing on employees' non-liability for employer's TDS deposit failures, ...

November 26, 2024 2877 Views 0 comment Print

Form 12BAA and TCS Credits: Simplifying Tax Compliance for Employers and Employees

Income Tax : Learn about Form 12BAA, introduced for employers to credit TCS for employees, ensuring accurate TDS calculation and easing tax com...

October 26, 2024 6036 Views 0 comment Print

Tax Treatment of Income from Salary in Brief

Income Tax : Treatment of income from different sources Each income has different source of earning and so the provisions for its taxability. I...

September 5, 2024 336233 Views 42 comments Print


Latest News


Budget 2024: Credit of TCS/TDS Allowed in Salary Tax Calculation

Income Tax : Learn about the proposed amendments to Section 192 of the Income-tax Act, allowing salaried employees to claim credit for TCS and ...

July 24, 2024 6462 Views 0 comment Print

TDS Rate Chart for Financial Year 2022-2023

Corporate Law : Article explains TDS Rates for Financial year 2022-23 i.e. Assessment Year 2023-24 under Income Tax Act, 1961. Article contains TD...

August 6, 2022 53013 Views 0 comment Print

Salary TDS – Monthly Calculator- Calculate Your TDS Accurately

Income Tax : SalaryTDS - Monthly Calculator helps in Precise calculations of monthly TDS values for each employee based on their annual income ...

June 2, 2022 26880 Views 1 comment Print

BCAS represents on wrong TDS filing return due date in recent Circular

Income Tax : BCAS made a Representation to CBDT regarding error in stating due date for Filing of Quarterly TDS Statements for Financial Year 2...

January 14, 2017 4030 Views 0 comment Print

Quarterly SMS on Deposits of TDS to salaried employees

Income Tax : Income Tax Department to directly communicate deposit of tax deducted, through SMS alerts to salaried taxpayers, at the end of eve...

October 24, 2016 3532 Views 0 comment Print


Latest Judiciary


Rule 3 applies only when a concession in rent is provided by employer to employee

Income Tax : ITAT Delhi dismisses Revenue's appeal against order of Commissioner of Income Tax (Appeals) regarding valuation of perquisites and...

March 20, 2024 795 Views 0 comment Print

Employee not liable for employer’s failure to deposit TDS on his Salary: Delhi HC

Income Tax : Delhi High Court rules in favor of employee, stating the employer is responsible for TDS deposit. Petitioner exempted from tax lia...

January 7, 2024 8184 Views 1 comment Print

Section 40(a)(ia) Inapplicable to TDS Non-Deduction on Pre-AY 2015-16 Salary

Income Tax : ITAT Delhi's decision in the case of Sumaitri Bima Distributors Pvt. Ltd vs. ITO regarding non-applicability of S.40(a)(ia) for TD...

November 4, 2023 855 Views 0 comment Print

Revenue cannot adjust TDS on Salary not deposited by employer against refunds of employee

Income Tax : ITAT Delhi rules on tax refund adjustment. Employers not depositing withheld tax can't be set off against refunds owed to employee...

August 29, 2023 711 Views 0 comment Print

TDS not deductible on Foregone Salary & Employee cannot claim credit

Income Tax : Section 192 provides deduction of tax ‘at the time of payment’. Admittedly there was no payment of the salary etc, which was f...

May 9, 2023 5943 Views 0 comment Print


Latest Notifications


All about Income Tax / TDS Deduction from Salaries for FY 2024-25

Income Tax : Key updates on income tax deduction from salaries under Section 192 for FY 2024-25, including amendments, surcharge rates, and new...

February 20, 2025 12126 Views 0 comment Print

TDS deduction on Salary – Old Regime- New Regime- CBDT clarified

Income Tax : CBDT vide Circular No. 04/2023-Income Tax clarified that  Each year, employer shall seek information from each of its employees r...

April 5, 2023 29889 Views 1 comment Print

Instructions regarding Grant of HRA to Central Government employees

Income Tax : No.2/4/2022-E.IIB Government of India Ministry of Finance Department of Expenditure *** North Block, New Delhi. Dated the 30th Dec...

December 30, 2022 27150 Views 0 comment Print

TDS & Tax on Salary | Section 192 | FY 2021-22 | AY 2022-23

Income Tax : CBDT issued Income Tax Circular No. 04/2022 on 15th March 2022 and explained all provisions related to deduction of Tax At Source ...

March 15, 2022 98091 Views 1 comment Print

Furnishing of evidence by employee for TDS deduction on Salary for FY 2021-22

Income Tax : Furnishing of evidence of claims by employee for deduction of tax under section 192 for the FY 2021-22 and AY 2022-23. (For Assess...

September 15, 2021 23481 Views 0 comment Print


How to Avoid Excess Deduction of TDS from Salary Account of Salaried Person

March 15, 2018 22323 Views 2 comments Print

The Indian income tax laws cast an obligation on an employer to withhold taxes at the time of payment of salaries. Employers, therefore, withhold taxes on salary paid after allowing a deduction to the extent of prescribed investment/savings.

How to Automate Year End Investment Submission and Verification System

December 18, 2017 18102 Views 1 comment Print

Employers need to deduct taxes from the salaries of their employees every month. To save these taxes, employees submit investment declarations through which they claim allowances and deductions. So, before deducting taxes, an employer computes the taxable income of his employees based on these declarations.

TDS on Salary for Financial Year 2017-18

December 5, 2017 16980 Views 1 comment Print

DEDUCTION OF TAX AT SOURCE- INCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 DURING THE FINANCIAL YEAR 2017-18 CIRCULAR NO : 29/2017 F.No. 275/192/2017-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** North Block, New Delhi Dated the 5th December, 2017 SUBJECT: INCOME-TAX DEDUCTION […]

TDS Rate chart as applicable for Financial Year 2017-18

September 6, 2017 13611 Views 0 comment Print

Download TDS RATE FOR A.Y 2018-19 / F.Y. 2017-18  in PDF Format TDS Rate chart applicable for Financial Year 2017-18 S.no Section Nature of Income Amout over which TDS to be deducted Rate of TDS If PAN is available If PAN is not available 1 192 Salary to be seen as per slab Average Rate […]

Due date to furnish form 16 (Salary Certificate) extended to 15th June

June 2, 2017 5073 Views 1 comment Print

Due date of furnishing Annually Form 16 (Salary Certificate) is extended from 31st day of May of the financial year immediately following the financial year in which the income was paid and tax deducted to 15th day of June.

Generate 100s of Form 16 using simple tool by H&R Block

May 17, 2017 15573 Views 2 comments Print

Every company is mandated to send Form 16 to all your employees.The FORM 16 GENERATOR is a tool which simplifies an employer’s efforts to generate Form 16s for all their employees.

Amount Deducted for Notice Period is not Taxable as Salary

April 24, 2017 18927 Views 5 comments Print

It is pertinent to note that the assessee has actually received the salary from his previous employers after deducting the notice period as per the job agreement with them. Therefore, in our considered view, the actual salary received by the assessee is only taxable.

LTC to Public Bank Employees for Travelling Abroad is subject to TDS

April 20, 2017 6498 Views 0 comment Print

Provisions of section 10(5) of were introduced in order to motivate the employees and also to encourage tourism in India and, therefore, the reimbursement of LTC/LFC was exempted, but, there was no intention of the Legislature to allow the employees to travel abroad under the garb of benefit of LTC available by virtue of s.10(5) […]

Collect Form 12BB from employees -Recent changes in Salary return-Form 24Q

April 18, 2017 68154 Views 15 comments Print

CBDT had in its Finance Act, 2015 had introduced a new section 192(2D) of the Income-tax Act, (‘the IT Act’) wherein the person responsible for making payment of salary (employer) was obliged to collect the necessary evidence or proof in Form 12BB to allow any claim for any deduction and/or tax saving investments.

As Advance tax not payable on salary Income so interest U/s. 234B, 234C cannot be levied

February 14, 2017 8181 Views 0 comment Print

In cases where receipt is by way of salary, deductions under Section 192 of the Act is required to be made. No question of payment of advance tax under Part ‘C’ of Chapter VII of the Act can arise in cases of receipt by way of ‘salary’.

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