CBDT has introduced Form 12BAA to enable employees to inform their employers about TDS and TCS from other income sources, aiding in reducing tax deductions from salaries and increasing take-home pay.

Starting 1 October, salaried individuals can adjust tax collected at source (TCS) payments against the tax deducted at source (TDS) on their salaries, something they could previously do when ...

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Tax will be calculated based on the individual's income tax rate, and a 10% tax deduction at source (TDS) will be applied if the withdrawal amount exceeds Rs 50,000. Interest on Excess ...

MINNEAPOLIS -- After falling behind 10-0, running back Jahmyr Gibbs gave the Detroit Lions a much-needed lift with a 45-yard rushing touchdown, the longest of his career. He exploded down the ...

Two weeks ago Caleb Williams’ arc seemed obvious. He was trending upward, the Bears offense had found its groove. The rut they hit against Washington became a grand canyon-sized gorge on Sunday ...

PITTSBURGH (AP) — Russell Wilson sat at the podium, uniform still on, in no rush to move on from a moment he believed would always come. Even as the weeks passed and his aching calf struggled to ...

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New Rules for TDS Deduction from Salary Under the new rules, employees can use Form 12BAA to inform their employers about TDS ...

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