Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income Tax Deduction Guidelines 2022-23: Comprehensive Rules for Salary Calculations, Exemptions, and Employer Obligations Under Section 192</h1> Here is a concise summary of the circular in 100 words:The circular provides comprehensive guidance on income tax deduction from salaries for the financial year 2022-23 under Section 192 of the Income-Tax Act, 1961. It covers key aspects including definition of salary, perquisites, and profits in lieu of salary. The tax rates, deduction procedures, exemptions, and obligations for employers (deductors) regarding tax deduction at source. It details calculation methods for taxable income, allowable deductions under Chapter VI-A, and provides illustrative examples. The circular also emphasizes compliance requirements, such as furnishing tax deduction certificates and filing quarterly statements.