https://www.taxtmi.com/circulars?id=4698 Employers must deduct tax at source from salaries only when estimated salary income exceeds the exemption threshold and must include perquisites and other specified receipts in estimating salary. Taxable salary is computed after allowing the standard deduction (subject to ceilings and special limits where employer provided motor vehicles are used personally). Statutory deductions for approved savings and provident contributions are permitted within the prescribed monetary and percentage limits, exemptions for house rent allowance and special allowances require documentary proof, and prescribed rounding, challan usage and penalty provisions apply. en-us Wed, 15 Apr 1981 00:00:00 +0530 Sat, 02 Aug 2008 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4698 Employers must deduct tax at source from salaries only when estimated salary income exceeds the exemption threshold and must include perquisites and other specified receipts in estimating salary. Taxable salary is computed after allowing the standard deduction (subject to ceilings and special limits where employer provided motor vehicles are used personally). Statutory deductions for approved savings and provident contributions are permitted within the prescribed monetary and percentage limits, exemptions for house rent allowance and special allowances require documentary proof, and prescribed rounding, challan usage and penalty provisions apply. Circulars Income Tax Wed, 15 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4698