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of <h1>Income Tax Deduction Adjustments for Government Employees Announced; Exemption Limit Raised to Rs.12,000 for 1980-81.</h1> The circular addresses the adjustment of income tax deductions from salaries of government employees for the financial year 1980-81. It highlights the increase in the exemption limit from Rs.10,000 to Rs.12,000 by the Finance Act, 1980. To prevent hardship for employees whose income falls between these limits, adjustments are allowed for tax deducted at source. These adjustments can be made against taxes deducted from employees with incomes exceeding Rs.12,000. The process involves determining surplus payments and adjusting future deductions accordingly. If adjustments are not made within the financial year, employees must seek refunds through the Income-tax Officer. These instructions apply to both State and Central Government employees.
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