Salary TDS Compliance – Furnishing of Particulars and Evidence - Rule 204 & 205 (New) / 26B & 26C (Old)

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....-tax Rules, 1962: Rules 26B and 26C Relevant statutory provision: Section 392(4) and Section 392(5)(b) of the Income-tax Act, 2025 Rules 204 and 205 prescribe the information and supporting evidence that an employee may furnish to the employer for the purpose of computing the correct amount of tax deductible from salary under section 392. Rule 204 - Furnishing of Particulars for Salary TD....

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....rticulars and valuation of perquisites or profits in lieu of salary- • in the relevant columns of Form No. 130, where salary does not exceed Rs.1,50,000; or • in Form No. 123, where salary exceeds Rs.1,50,000. Rule 204(3) - Meaning of Salary For the purposes of this Rule, the expression "salary" shall have the meaning assigned in Rule 15. Rule 205 - Furnishin....

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....e of expenditure incurred. Interest deduction under the head "Income from House Property" Name, address and PAN of the lender. Deductions under Chapter VIII Evidence of eligible investment or expenditure. Important Points • Rule 204 enables the employer to compute TDS after considering the employee's overall taxable income and tax credits. â€....