TDS from salary under New Tax Regime

If an employee fails to provide any intimation, it will be presumed that they are continuing in the default tax regime and have not opted out of the new tax regime. In such cases, the employer will deduct TDS on the employee’s income under Section 192, based on the rates specified in sub-section (1A) of Section 115BAC.

click the link to know more :- Circular-No-4-2023 (1)