Tax credit for collected or deducted tax: salaried employees may use such credits to reduce salary TDS, easing compliance. Amendment modifies the rule for computing tax to be deducted from salary so that any tax deducted or collected under the statutory collection-at-source ... Summary
Tax credit for collected or deducted tax: salaried employees may use such credits to reduce salary TDS, easing compliance.
Amendment modifies the rule for computing tax to be deducted from salary so that any tax deducted or collected under the statutory collection-at-source and related withholding regimes is taken into account when determining salary tax deduction, thereby reducing cash-flow impacts on employees and the need to claim refunds; effective from 1 October 2024.
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TaxTMI 
TaxTMI 
