New TDS Deposit Rules: The government has eased the regulations surrounding the time frame within which companies or deductors must deposit TDS (deducted from payments made by them) with the government before a prosecution notice is issued. The standard due date for depositing TDS with the government is the 7th of the month following the month in which it is deducted. Employees may be concerned that the relaxation in TDS compliance granted to companies could affect the timely deposit of the tax against their respective PANs. According to an ET report, there have been recent instances of companies, such as SpiceJet and Byju's, not depositing TDS with the government on time, resulting in employees encountering income tax issues.