WebDec 9, 2024 · The present Circular contains the rates of deduction of Income-tax from the payment of income chargeable under the head “Salaries” during the financial year … WebThe provisions of the Income Tax Act, 1961 relating to Tax Deduction at Source from Salaries are of immense importance in the context of present scenario when TDS collections account for almost 39% of total collection of Direct Taxes. The Income Tax Act, 1961 provides for penalties for defaults

New Income Tax Regime – Salaried Employees

WebApr 5, 2024 · In conclusion, the CBDT Income Tax Circular 4/2024 provides clarity on the deduction of TDS under Section 192 and 115BAC of the Income-tax Act, 1961 and aims … WebDec 9, 2024 · The present Circular contains the rates of deduction of Income-tax from the payment of income chargeable under the head "Salaries" during the financial year 2024 … bittercreekmodels.com

CBDT issued circular on TDS for salaries in FY 2024-2024

WebApr 13, 2024 · The circular is applicable for TDS during the financial year 2024-24 and subsequent years. Circular No. 04 of 2024. F. No.370142/06/2024-TPL Government of … Web895 Download CBDT Circular No. 04/2024 dated 05.04.2024 on TDS from Salary u/s 192 by Employer under default new tax regime u/s 115BAC in PDF format WebApr 7, 2024 · The Central Board of Direct Taxes (CBDT) has issued a circular on April 5, 2024, which explains how employers will deduct tax on salaries for the current financial year 2024-24. The circular states that employees must inform their employers of the income tax regime they intend to choose for the purpose of TDS (Tax Deducted at … data sheet or gate