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of <h1>Government of India Issues Guidelines for Income Tax Deductions from Salaries for FY 2019-20 u/s 192.</h1> The circular issued by the Government of India's Ministry of Finance outlines the procedures and rates for income tax deductions from salaries for the financial year 2019-20 under Section 192 of the Income-tax Act, 1961. It specifies the tax rates applicable to different income brackets, including special rates for senior citizens. It also details the surcharges and health and education cess applicable to the tax. The document provides guidelines on the calculation of tax deductions, including the treatment of perquisites, salary from multiple employers, and relief for arrears. Employers are instructed on their responsibilities for deducting and depositing taxes, issuing certificates, and filing quarterly statements. The circular also explains various deductions under Chapter VI-A and the conditions for claiming them.
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