https://www.taxtmi.com/article/detailed?id=13266 TDS on salary requires the employer to deduct tax at the time of payment by applying the average rate of income-tax on the employee's estimated total income; the employer may adjust deductions for prior errors and must consider employee provided particulars of other income, house property loss, and TDS/TCS (Form 12BAA/12B) and may require evidence of claims (Form 12BB). Employers must furnish perquisite details in Form 16/12BA, obtain the employee's tax regime choice for TDS computation, issue Form 16 certificates, and apply special rules for non monetary perquisites, sweat equity, relief under the statute, and foreign currency salary conversion. en-us Mon, 30 Dec 2024 16:16:50 +0530 Thu, 09 Jan 2025 21:21:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13266 TDS on salary requires the employer to deduct tax at the time of payment by applying the average rate of income-tax on the employee's estimated total income; the employer may adjust deductions for prior errors and must consider employee provided particulars of other income, house property loss, and TDS/TCS (Form 12BAA/12B) and may require evidence of claims (Form 12BB). Employers must furnish perquisite details in Form 16/12BA, obtain the employee's tax regime choice for TDS computation, issue Form 16 certificates, and apply special rules for non monetary perquisites, sweat equity, relief under the statute, and foreign currency salary conversion. Articles Income Tax Mon, 30 Dec 2024 16:16:50 +0530 https://www.taxtmi.com/article/detailed?id=13266