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<h1>Tax deduction at source on salaries: employers must deduct tax at average rate and account for perquisites and provident payouts.</h1> Payers of income chargeable as 'Salaries' must deduct tax at source at the average rate on estimated salary income at the time of payment; payers may instead elect to pay tax on non monetary perquisites, treated as tax deductible at source. Payers must consider prescribed particulars furnished by the assessee to adjust deductions, furnish statements of perquisites, obtain evidence of claims for estimating income, and may adjust future deductions to correct prior errors. Trustees and authorised persons handling provident and superannuation payouts must deduct tax as prescribed, and foreign currency salaries are converted at the prescribed exchange rate for deduction.
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