Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income Tax Deductions for Salaries in 1980-81 to Follow 1979-80 Rates per Section 192, Income-tax Act.</h1> The circular issued by the Department of Revenue addresses the deduction of income tax from salaries for the financial year 1980-81 under Section 192 of the Income-tax Act, 1961. It references a previous circular concerning the 1979-80 financial year and states that the Finance Act, 1980, maintains the same tax deduction rates as the previous year. Consequently, tax deductions at source from salaries should continue at the rates specified in Part III of the First Schedule to the Finance Act, 1979. This information should be communicated to all disbursing officers and State undertakings under State Government control.