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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 2217 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 3240 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 6057 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 336287 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 53016 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 26886 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 861 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 714 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 12219 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 27159 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 98094 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 23484 Views 0 comment Print


Salaried Tax Declaration – Provisional or Final

April 27, 2023 8589 Views 0 comment Print

A salaried tax declaration is a document that an employee provides to their employer at the beginning of a financial year. It includes details about the employee’s income and investments, which the employer uses to calculate the employee’s tax liability and deduct the appropriate amount of tax from their salary each month.

TDS on Salary needs to be deducted only at the time of making such payment

April 26, 2023 4617 Views 0 comment Print

No TDS deduction at source on Salary is contemplated under Section 192 in cases where a payment towards salary has accrued but is not made.

Salary TDS U/S 192 Changes/Clarification W.E.F. 05/04/2023

April 6, 2023 68079 Views 0 comment Print

Section 192 of the Income Tax Act, 1961 is applicable to all employers who are responsible for deducting tax at source from the salaries of their employees. This section applies to all types of employees, including full-time, part-time, and contractual employees, as long as they are earning a salary.

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

April 5, 2023 29889 Views 1 comment Print

CBDT vide Circular No. 04/2023-Income Tax clarified that  Each year, employer shall seek information from each of its employees regarding their intended Tax Regime (Old or New under section 115BAC) and deduct TDS accordingly, If intimation is not made by an employee then his default tax regime is new Income Tax regime u/s 115BAC. CBDT […]

Auto Excel calculator for Salary Certificate in Form 16 for FY 2022-23

April 4, 2023 121566 Views 3 comments Print

A Salaried Employee’s Tax Proof Certificate Form 16 to Auto Calculate and Auto Preparation Excel Based Master of Form 16 for the F.Y.2022-23 and A.Y.2023-24 Download from the attached file as Auto Calculate and Automatic Preparation Master of Form 16 Part B for the Financial Year 2022-23 and Assessment Year 2023-24(This Excel utility can prepare […]

TDS on Monthly Remuneration to Guest Faculties

March 29, 2023 12108 Views 0 comment Print

alleged default towards non deduction of TDS from payments made to Guest faculties with reference to Section 194J of the Income Tax Act, 1961

Credit of TDS to be allowed for salaries even if same is not deposited with exchequer

February 25, 2023 2868 Views 0 comment Print

HC held that, requirement is only for amount of TDS, and not amount eventually deposited with government after deduction and since Employer had deducted TDS from salary of assessee, TDS has to be allowed in intimation under Section 143(1) of Income Tax Act, 1961

Tax Deduction and Documentation for Salary – AY 2023-24

February 23, 2023 66321 Views 0 comment Print

Maximize Tax Savings AY 2023-24: Essential Documentation for Salary Deductions – A concise guide to documents required for claiming deductions.

TDS on Salary deducted by employer allowable despite non-deposit

February 9, 2023 36627 Views 1 comment Print

Requirement to allow TDS credit on Salary is only of amount of tax deducted at source & not getting deposited with Government after deduction.

TDS on payment of accumulated balance due to an employee – Budget 2023

February 5, 2023 4485 Views 1 comment Print

Understand the changes to TDS on payment of accumulated balance due to an employee per Budget 2023 with this blog post. Read now

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