Central Electricity Authority provides officials the option to deduce TDS under new or old Income Tax rates

The Central Electricity Authority through 11.08.2021 has provided the officials the option to deduce TDS under new or old Income Tax rates. The circular provides the new and old rates and the officials shall exercise their option in writing to choose between old and new rates for FY 2021-2022 (AY 2022-2023) for the purpose of monthly income tax deductions from pay and allowances.

This option should be sent to Cash-1 section as per format prescribed in the circular within 10 September, 2021.

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