Tax Deduction from Salaries: employers must compute and deduct income tax from salary payments using prescribed procedures. Employers must estimate salary income inclusive of perquisites, compute tax at prescribed rates by reference to age and gender, and deduct tax on average at each payment under section 192; employers may opt to pay tax on non-monetary perquisites by computing an average rate on total salary inclusive of such perquisites and depositing tax at the time of payment, and must obtain and retain employee declarations and furnish prescribed certificates and returns in specified formats.
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Provisions expressly mentioned in the judgment/order text.
Tax Deduction from Salaries: employers must compute and deduct income tax from salary payments using prescribed procedures.
Employers must estimate salary income inclusive of perquisites, compute tax at prescribed rates by reference to age and gender, and deduct tax on average at each payment under section 192; employers may opt to pay tax on non-monetary perquisites by computing an average rate on total salary inclusive of such perquisites and depositing tax at the time of payment, and must obtain and retain employee declarations and furnish prescribed certificates and returns in specified formats.
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