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<h1>Guidelines for Income Tax Deduction from Salaries for FY 1981-82: Key Exemptions and Deductions u/s 192.</h1> The circular outlines the guidelines for income tax deduction from salaries for the financial year 1981-82 under section 192 of the Income-tax Act, 1961. Key points include the exemption limit for tax deduction, valuation of perquisites, treatment of encashment of leave, and repayment from the Additional Dearness Allowance Deposit Account. It also covers deductions under sections 80C, 80G, 80GG, 80RRA, and 80U, along with specific exemptions like house rent allowance and conveyance allowance. The circular emphasizes compliance with tax deduction procedures, use of correct challans, and the consequences of non-compliance under section 276B.