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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Guidelines for Salary Tax Deduction u/s 192 for FY 1984-85: Key Exemptions and Deductions Explained.</h1> The circular issued by the Central Board of Direct Taxes outlines the procedures for deducting income tax at source from salaries for the financial year 1984-85 under Section 192 of the Income-tax Act, 1961. It specifies that tax deductions apply only if the estimated salary exceeds Rs. 15,000. It details the treatment of perquisites, exemptions for gratuity and leave encashment, and deductions under various sections, including 80C and 80GG. The document also addresses the treatment of house rent allowance, standard deductions, and penalties for non-compliance. Employers are advised to ensure accurate tax deductions and use the correct forms for remittances.