They will be able to claim tax benefits on home loan interest amounts. Under this Section, employees can minimize TDS on salary if they are first-time homebuyers and have taken a loan. This Section also covers house loan repayment (principal amount) subject to the limit of Rs. There are many tax-saving instruments covered under this Section, such as: Under Section 80C of Income Tax Act, 1961 , the employee can claim a maximum deduction benefits at the time of TDS on salary up to the limit of Rs. Here are a few important ones below: 1) Under 80C The deduction benefits on TDS on salary can be enjoyed under the provisions of different sections. The employee can minimize TDS on salary by investing in specific tax saving instruments. You can check the TDS deducted on salary by downloading your salary slip. Also, while making TDS on salary calculation, the number of employees employed by the employer has no bearing. However, the employer’s status, such as company, HUF, or trust is irrelevant for TDS on salary deduction. Also, the following employers are liable to make TDS on salary deduction: However, if the pay is equal to or less than Rs.2,50,000, then TDS on salary will not be deducted.Īccording to Section 192, there must be a relationship of employer-employee for making the TDS deduction on salary. Also, it will be deducted when the employee’s salaried income is taxable. The TDS deduction on salary can only be made at the time when actual payment is made. The employer is liable to deduct TDS on salary at the time of making the payment to the employee.

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