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of <h1>Guidelines for Salary Tax Deductions for 2002-2003: Section 192, Income Slabs, Surcharge, and Compliance Essentials.</h1> The circular outlines the procedures for deducting income tax from salaries for the financial year 2002-2003, as per Section 192 of the Income-tax Act, 1961. It specifies tax deduction rates based on income slabs, with no tax for incomes up to Rs. 50,000, and increasing rates for higher incomes. A surcharge applies for incomes exceeding Rs. 60,000. Employers may opt to pay tax on non-monetary perquisites. The circular also covers tax deductions related to multiple employers, arrears, and various allowances, along with exemptions under specific sections. It mandates the issuance of TDS certificates and emphasizes compliance with PAN and TAN requirements.
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