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Taxmann Launches ITR & TDS Software - Paryabekhyak

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Salary cut? Make sure it reflects in your CTC or you would pay more taxes

Deferred salary though not received, becomes due to the employee in the current financial year and hence it is taxable at the hands of the employee

Got a pay cut? You may still be taxed on your original CTC

As per income tax laws, salary is taxable on the basis of due or received, whichever is earlier.

Eligible individuals can submit Form 15G, Form 15H to avoid TDS on dividend income too

A resident individual can furnish Form 15G for non-deduction of tax from the dividend to company and/or mutual fund.
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