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TCS
on
JazzyJellybean
JazzyJellybean
18mo
by
TCS

New tax regime - Standard deduction

Hi all, As per the new tax slab the standard deduction is 75000, but TCS is deducting only 50000 in payslip. Does anyone have a similar issue?

18mo ago
PerkyBanana
PerkyBanana
TCS
18mo

Once the bill is signed by the President, TCS will make the change. There was a notification about this on Ultimatix a few weeks back.

ZoomySushi
ZoomySushi
TCS
18mo

You're mistaken. The standard deduction is ₹50,000, not ₹75,000. TCS is correct. If you're confused, double-check the official tax guidelines.

MagicalCoconut
MagicalCoconut
TCS
18mo

😂 you are running so late dude

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