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#👉వీరికి అలర్ట్.. మారిన కొత్త రూల్స్ ఇవే!
👉వీరికి అలర్ట్.. మారిన కొత్త రూల్స్ ఇవే! - Income Tax Rules for Claiming TCSITDS Credits Step Explanation Example Example: If your employer deducts TDS Updated Rules The rules have been amended t0 make it for Salaried easier for salaried employees t0 claima from your salary you can now claim Employees credit for TCS (Tax Collected at Source) credit for any TCS collected on your and TDS (Tax Deducted at Source) | incorne as vell २. Form No १२BAA new form Form IZBAA is introduced for Example You fill out Form I२BAA and Introduction employees to provide detailed particuilars give to your employer so tney can required under section 192 of the Income ' correctly calcuilate your TDS based on tax Act to their employers | all applicable tax credits | Employers must calculate and deduct TDS Examnple; After submitting your Forn; Employer's Responsibility after considering the particulars provided 12844your employer ensures that' by employees in Form 12BHA your TDS is deducted correctly including all applicable TCS credits TCS Credit for The rules now allow parents to claim TCS your child has income any Example; ' TCS collected on their income can bel Minors credit for income earned by their minor ' children; which gets clubbed with their claimed a5 credit on your income [ax' own income: return Example: The new rules have been Notification These amendments are made via CBDT Notification No. 112/2024 and CBDT Reference effect since Octoher 2024, following Notification No. 114/2024, which officially the notifications issued by the Central | implement the new rules Board or Direct laxes' CBDT  www.efiletax.in 9696 160160 efiletax Income Tax Rules for Claiming TCSITDS Credits Step Explanation Example Example: If your employer deducts TDS Updated Rules The rules have been amended t0 make it for Salaried easier for salaried employees t0 claima from your salary you can now claim Employees credit for TCS (Tax Collected at Source) credit for any TCS collected on your and TDS (Tax Deducted at Source) | incorne as vell २. Form No १२BAA new form Form IZBAA is introduced for Example You fill out Form I२BAA and Introduction employees to provide detailed particuilars give to your employer so tney can required under section 192 of the Income ' correctly calcuilate your TDS based on tax Act to their employers | all applicable tax credits | Employers must calculate and deduct TDS Examnple; After submitting your Forn; Employer's Responsibility after considering the particulars provided 12844your employer ensures that' by employees in Form 12BHA your TDS is deducted correctly including all applicable TCS credits TCS Credit for The rules now allow parents to claim TCS your child has income any Example; ' TCS collected on their income can bel Minors credit for income earned by their minor ' children; which gets clubbed with their claimed a5 credit on your income [ax' own income: return Example: The new rules have been Notification These amendments are made via CBDT Notification No. 112/2024 and CBDT Reference effect since Octoher 2024, following Notification No. 114/2024, which officially the notifications issued by the Central | implement the new rules Board or Direct laxes' CBDT  www.efiletax.in 9696 160160 efiletax - ShareChat