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of <h1>Income Tax Deduction Rules for Salaries Updated: Finance Act 1987 Amendments u/s 192 Effective June 1, 1987.</h1> The circular addresses the deduction of income tax at source from salaries for the financial year 1987-88 under section 192 of the Income-tax Act, 1961. It outlines amendments introduced by the Finance Act, 1987, including provisions for employees with multiple employers, relief for salary received in arrears or advance, and consideration of other income for tax deduction. These amendments, effective from June 1, 1987, require employers to deduct tax from the aggregate salary and consider additional income details provided by employees. The circular instructs compliance and dissemination of this information to relevant officers and state governments.
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