With IT declaration you can submit your investment statement at the beginning of the financial year. New employees can declare investments at the time of investments. Investments can also be declared at the time of salary or investments when the EDP message window is open. The deduction is known as Tax Deduction at Source (TDS).
In order to benefit from the maximum exemptions from TDS, it is important to identify your future investment plans and choose an appropriate scheme. You can see your investment plans at any time of the year and change the values when your employer opens the reporting window. Income tax is calculated on the basis of the declarations and the chosen regime.
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