TCS
TCS
on
ZippyMuffin
ZippyMuffin
10mo
by

Increase in hand salary? Due to tax in the new regime, our in hand will be increased?

If you have any idea about this please mention it in the comments

Yes
Not sure waiting for salary
No
154 votesexpired
10mo ago
PerkyMarshmallow
PerkyMarshmallow
10mo

Mine it’ll be almost 4.5-5k increase per month

ZippyMuffin
ZippyMuffin
10mo

Great

SleepyMochi
SleepyMochi
10mo

The hike has been deferred, and I am sure that the hike % will be lower - if it happens.

You will get "more" in hand due to IT, and not due to TCS.

ZippyMuffin
ZippyMuffin
10mo

Correct

FloatingBurrito
FloatingBurrito
10mo

This applies only if you have chosen new tax regime. For those still in old regime nothing changes. TDS will be deducted as usual if you have taxable income

FuzzyPenguin
FuzzyPenguin

It will not, if you are a tax payer, you will get more in-hand salary. It is an increment from the government.

JumpyDumpling
JumpyDumpling
10mo

I was also thinking about same ,since salary upto 12LPA CTC are excempted and coming under the standard deduction of 75K ,i was trying to understand if income tax will be deducted from TDS upfront in monthly salary slip or not ? Can any one clarify ?

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