https://www.taxtmi.com/circulars?id=2914 Rates and procedure for deduction of tax at source from salaries are set out, with employers and other specified payers required to deduct tax on estimated salary income after excluding specified exempt items and allowing prescribed deductions and rebates; deductors must remit withheld tax timely, issue TDS certificates, quote required identification numbers, file annual returns and use prescribed challans, and are subject to interest, penalties and criminal sanctions for non-compliance. Mechanisms are provided for aggregation of salary from multiple employers, relief computations via prescribed forms, and consideration of other income or house property loss where declared. en-us Tue, 30 Oct 2001 00:00:00 +0530 Sat, 09 Aug 2008 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2914 Rates and procedure for deduction of tax at source from salaries are set out, with employers and other specified payers required to deduct tax on estimated salary income after excluding specified exempt items and allowing prescribed deductions and rebates; deductors must remit withheld tax timely, issue TDS certificates, quote required identification numbers, file annual returns and use prescribed challans, and are subject to interest, penalties and criminal sanctions for non-compliance. Mechanisms are provided for aggregation of salary from multiple employers, relief computations via prescribed forms, and consideration of other income or house property loss where declared. Circulars Income Tax Tue, 30 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2914