https://www.taxtmi.com/circulars?id=4856 Deduction of tax at source from salaries under section 192 continues to be made at the average rates in force, with employers obliged to compute deductions using those rates and applicable exemptions/deductions; deductors remain liable for failures to deduct or remit tax. The Finance Act, 1986, left basic deduction rates unchanged but increased the standard deduction (subject to a statutory maximum) and removed the fixed monthly ceiling on house rent allowance, and the circular provides advisory guidance and points of contact for clarification. en-us Wed, 16 Jul 1986 00:00:00 +0530 Mon, 04 Aug 2008 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4856 Deduction of tax at source from salaries under section 192 continues to be made at the average rates in force, with employers obliged to compute deductions using those rates and applicable exemptions/deductions; deductors remain liable for failures to deduct or remit tax. The Finance Act, 1986, left basic deduction rates unchanged but increased the standard deduction (subject to a statutory maximum) and removed the fixed monthly ceiling on house rent allowance, and the circular provides advisory guidance and points of contact for clarification. Circulars Income Tax Wed, 16 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4856