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Sep 22, 2020 at 04:42 AM

One time tax deductions not considering New slab rates


Hi Experts,

I have an requirement i.e. we have implemented one time tax deduction using INBTD function, I have no issue with old tax slabs. I have selected IT0588 subtype 8 (new regime). Now issue begins, One time tax considering old slabs but not new regime tax slab rates.

For Example: For X employee falls under 750000 slab 80000 bonus paid so he falls under under 1000000 slab which should deduct 15% but its considering old slab rate 20%.