Salary tax withholding consolidates employer deductions, perquisite taxation, employee declarations, fund withdrawals, and foreign-currency salary valuation rules.

Section 392 requires salary tax withholding at payment using the average rate based on applicable tax-year rates and estimated annual salary income. It permits employers to bear tax on taxable non-monetary perquisites, regulates withholding for eligible start-up employee securities, and allows employee declarations relevant to computation. Employers must support claims with prescribed evidence and may adjust excess or short deductions. Tax withholding also applies to taxable recognised provident fund, approved superannuation fund and qualifying Employees' Provident Fund payments, while foreign-currency salary is converted at the prescribed exchange rate.

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