Section 192 of Income-Tax Act, 1961 deals with the Tax deducted at source from salary. TDS deducted from the salary will be ultimately reflected in your Form 16.
Recently the government gave it a final nod to the proposed amendment under section 192 of Income-Tax Act, 1961 pertaining to TDS deduction from salary
No TDS will be deducted from salary unless the estimated Income from salary including the value of perquisites for the Financial year 2019-20 does not exceed (INR 2,50,000) (INR 3,00,000) (INR 5,00,000) as the case may be, depending upon the age of the employee.
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