TCS employees get Income Tax notice over TDS claims

TCS employees received tax demand notices due to discrepancies in their TDS claims for Q4 FY24. The Income Tax department issued these under Section 143(1), with demands ranging from ₹50,000 to ₹1,45,000. TCS reassured its employees that this may be a system glitch and that the tax authorities will reprocess returns to resolve the issue.