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of <h1>Guidelines for Tax Deduction from Salaries FY 2000-2001 u/s 192: Rates, Deductions, and Compliance.</h1> The circular provides guidelines for tax deduction at source from salaries for the financial year 2000-2001 under section 192 of the Income-tax Act, 1961. It outlines tax rates based on income brackets, with no tax for incomes up to Rs. 50,000 and varying rates for higher incomes. A surcharge is applicable for incomes exceeding Rs. 60,000. Employers must deduct tax from salaries exceeding Rs. 50,000 and consider aggregate salaries if an employee has multiple employers. Provisions for deductions, rebates, and exemptions, such as those for medical expenses and housing loans, are detailed. Employers must issue TDS certificates and comply with reporting requirements. Penalties apply for non-compliance.
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