The Financial Express

New Form 12BAA: Taxpayers attention! This form will help you reduce TDS on salaries – Know what will change now?

In line with the Budget 2024 announcement about adjusting TDS and TCS from other sources against salary TDS, the Central Board of Direct Taxes (CBDT) has introduced a new form called Form 12BAA. This ...
Indiatimes

Salaried employees take note! Reduce TDS from salary with new Form 12BAA released by CBDT - details here

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.
The Financial Express

Not filing Form 122 after switching jobs could mean a long wait for your tax refund

The Income Tax Department has introduced a single consolidated Form 122, replacing Form 12B and Form 12BAA, for salaried employees who have switched jobs during the year.
Mint

You can now use TCS credit to reduce the TDS on your salary. Here's how.

The TCS rate varies depending on the type of payment and whether the amount spent under LRS exceeds ₹7 lakh. Image: Pixabay Did you book a foreign holiday recently and have to shell out an extra 5% or ...