The financing ministry has clarified that a company will have to subtract TDS for FY2020-21, from an employee’s wage on the basis of the new lower tax routine if the worker goes with it and notifies the company of the same. It is more clarified that as soon as t.
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For TDS from income, you will have to select your tax regime now, states CBDT circular
Byindianadmin
Apr 14, 2020