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of <h1>Income-tax Act's Section 192 Amended: New Rules for Salary, Other Income, and Deductions Effective October 2024</h1> Section 192 of the Income-tax Act has been amended effective October 1, 2024. Changes include substituting specific references in sub-sections (1C) and (2A). A new sub-section (2B) has been introduced, allowing assessees with salary income and additional income from other sources, or tax deductions under specific provisions, to provide details to the payer. These details include other income, tax deductions, and house property loss, which must be considered for tax deduction purposes. However, this cannot reduce the tax deductible from salary income, except when accounting for house property loss and specific tax deductions or collections.
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