https://www.taxtmi.com/circulars?id=4445 Directives require employers to deduct tax at source from salaries for 1970-71 at Finance Bill rates, subject to a non-deduction threshold; permit specified proportions of life insurance, provident fund and certain post-office deposits as deductions within an aggregate cap; allow adjustments for profession tax and prescribed travel allowances while excluding donations and books from source deduction; prescribe rounding rules and the treatment of conveyance allowance; and warn of criminal and monetary penalties for failure to deduct or remit tax, with an annex containing the rate schedule and surcharge. en-us Wed, 25 Mar 1970 00:00:00 +0530 Tue, 29 Jul 2008 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4445 Directives require employers to deduct tax at source from salaries for 1970-71 at Finance Bill rates, subject to a non-deduction threshold; permit specified proportions of life insurance, provident fund and certain post-office deposits as deductions within an aggregate cap; allow adjustments for profession tax and prescribed travel allowances while excluding donations and books from source deduction; prescribe rounding rules and the treatment of conveyance allowance; and warn of criminal and monetary penalties for failure to deduct or remit tax, with an annex containing the rate schedule and surcharge. Circulars Income Tax Wed, 25 Mar 1970 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4445