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of <h1>Guidelines for 1977-78 Salary Tax Deductions: New Surcharge, Relief Provisions, and Deductions u/ss 16, 80C, 80FF.</h1> The circular outlines the guidelines for deducting income tax at source from salaries for the financial year 1977-78. It specifies that no tax will be deducted unless the estimated salary exceeds Rs.10,000, with provisions for marginal relief. The surcharge on income tax is increased from 10% to 15%. It details the treatment of perquisites, additional dearness allowance, and compulsory deposits in income calculations. The circular also covers deductions under sections 16, 80C, and 80FF, including standard deductions and allowances for life insurance, provident fund contributions, and higher education expenses. It emphasizes compliance with tax deduction and payment procedures, warning of penalties for non-compliance.
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