ical No. 0 of 2028, F. Naa 70142067023-TP1. Goverument Department of Revenue (Central Board of iret Taxes (IPL Divison) Dated: S* Api 2023, pact Subs Clarieation regarding deduction of TDS under section 192 rea wi (GN atsetion LISBAC ofthe fncome-tax Ac, 961 = vg, ‘Vide nance Act, 2023, sub-section (A) has bee inserted ia seton LISBAC ofthe Incomes Ast, 1961 (the Act) 10 provide fra new tax regime with cet rom the sessment year begining on rae the It day of Api 2024. This regine applies tos Indidual or Windu undivided family oe asociton of persons fthe than cooperative society] or boy of inividuls, whether incorporated orn, anata jul person. ‘Unde this ne reine, the income-ax in resp ofthe oa income of he person fl be comput tthe rates provided in sub-eston (1A) of ston LISBAC, subject o ceria condos, netoing the conion tha the peron doesnot al of spesifed exemptions an Soductions 2 The above mentioned new tax ryime i the dtl tx regime apliable 0 all pssons metioned above. However, under subsection (6) of seston IISBAC ofthe Act person may exercise a optian to opto of this tx ei. A person not havi incon fom busines or proesion en exes this opin every se 3, Representations hae been received expressing concens regarding ako be dedi a sure (IDS) on sry income of a person under section 192 of the Act the decir, ‘ing an employer, wold not know I the person, being an employes, woel! op ot fom taxation under sub-section (1A) of seston 1ISBAC af the Act oF nt 4 "mone to avoid the penine hardship in such eases, the Bord, in exes of powers onfeed under setlon 119 ofthe Act, hereby dkcets ts doducto, beng an employer, shall sek infomation fom each ofits employees having income unde ston 192 ofthe ‘Act regaring thei iatended a reglee and ech sch employee shal nt the sme to ‘he dedetr, being his employer, raring his intended tax regime foreach year end upoa inimation, tbe deduce shall compute bis tt income, nd dod ax sore thereon seconding tthe option exercise,5. If imimaion is not made by the employes shall be presumed har the employee tines tbe in the def tx eg and has not exeesed the option to opt out ofthe ew tax regime, Accordingly, n sich case, the employer sll deduet ta a source, on income unde setion 192 of the Ast, in acordace with th ates provided unter sub-section (AA of setion 11SBAC ofthe Act. 6. Misa cae ta the intimation would ot amount to exercising option in eons ‘of subasston (6) of ston 11SBAC ofthe Act nd he person shall be required to do 50 separately in acordance withthe provisions of the subsection, 1. Tissier in sgeeson of Car No C1 of2020 dtd 13 02020 ands be ape for TS dig th usa er Pd ssn yer = Vipol Agarval Dieter TPL) Copy othe: 1, PS! OSD 10 FA PSIOSD 1 Mas. 2, PS tothe Finance Sexetary. 5. Chinman and Members, CDT, 4, dint Secretarey Ca? Director Deputy Socretre! Under Secretar, CBDT, 5, CBAG of nds (30 copies). 6 4S Legal Advis, Ministry of Law & sc, New Ds. 4 stu of Charred Accountants of India © CIT (M8 TP), Ofc Spokesperson of CDT. 5, Principal DGT (Systm) fo ploading on deparinental website, Go Via Asal pecan)