TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income Tax Deduction Guidelines for Salaries FY 2006-07 u/s 192: Rates, Calculations, and Employer Responsibilities.</h1> The circular outlines the income-tax deduction from salaries for the financial year 2006-07 under Section 192 of the Income-tax Act, 1961. It specifies the rates of tax deduction based on income levels, gender, and age, including special rates for women and senior citizens. The document also explains the method of calculating tax deductions, including the treatment of non-monetary perquisites and situations involving multiple employers. It covers deductions under various sections, including those for medical expenses, house rent, and contributions to provident funds. The circular details the responsibilities of employers in deducting and depositing tax, issuing TDS certificates, and filing quarterly statements. Penalties for non-compliance are also addressed.
TaxTMI 