Circular No. 1/2025 — TDS on salary computation AY 2025-26
Date: 2025-01-01 Status: ACTIVE Category: Recent (2025-2026) Binding on Department: Yes (Section 119 / Section 400 IT Act 2025)
Summary
Updated TDS on salary guidelines for AY 2025-26.
Key Directions
- Default: section 115BAC (new regime).
- Standard deduction Rs.75,000 under new regime.
- Employer to consider Form 12BAA declarations.
Applicability Under IT Act 2025
Saving Clause: Section 536 of IT Act 2025 saves circulars issued under the 1961 Act “so far as not inconsistent” with the new Act.
| Old Section (1961 Act) | New Section (2025 Act) | Consistent? |
|---|---|---|
| 192 | 392 | Yes |
Cross-References
Act Sections
Related Circulars
- None identified
Key Case Law (Circular Supremacy)
- To be populated — cases where this circular was cited/applied
Full Text
Full text to be added — see raw/circulars/ for PDF when available
Source
- Official: incometaxindia.gov.in/circulars