You are here: Home » PF » News » Tax
Business Standard

Taxes taking a bite out of your salary? Use Section 197 to manage cash flow

Only payments made after submission of this certificate are eligible for lower or nil tax rate

Income tax


Easwar panel to study salary deductions, tax treaties next

When it comes to money, it pays to be tactical, and doubly so during a crisis. Even the smallest of steps can help. Take, for instance, utilising Section 197 of the Income-(I-T) Act to prevent deduction of excess deducted at source (TDS) is collected by the deductor and is remitted into the government’s account. The deductee, from whose income has been deducted, is entitled to credit for the amount deducted on the basis of Form 26AS or certificate issued by the deductor.



What you get on Business Standard Digital?

  • icon Unlimited access to all the content on any device, browser or app.
  • icon Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • icon Pick your 5 favourite companies. Get a daily email with all the news updates on them.
  • icon Track the industry of your choice with a daily newsletter specific to that industry.
  • icon Access 25 years plus rich content archives.
  • icon Complete access to the E-paper.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, October 23 2020. 16:21 IST