Annual Income Tax Rounding Section 288B: Rounding off Income Tax

After doing Round Up of Income Tax Amount is there any implications on Form 16 or Form 24Q ?

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Hi @sagar

As per Section 288B of the income tax act, the total tax computed shall be rounded off to the nearest Rs 10. The rounding off of tax would be done on the total tax payable or refundable and not to various different sub-heads of taxes like income tax , education cess, surcharge etc

There is no such implications as such because of this policy.

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