New form to reduce TDS from salary: CBDT issues Form 12BAA to tell employer about other taxes paid by you

Form 12BAA to lower TDS from salary: The Central Board of Direct Taxes (CBDT) has notified a new form called Form 12BAA. The new form will help an employee to inform the employer about other taxes paid by you via TDS and TCS and consequently lower tax deducted from salary.

from Tax-Wealth-Economic Times https://ift.tt/UmqPy0h