https://www.taxtmi.com/circulars?id=4894 Employers must deduct income-tax at source from salary payments by applying the average rate to the employee's estimated annual salary, including prescribed valuation of perquisites, and only where estimated salary exceeds the exemption threshold; specified exemptions, standard deduction and allowable chapter deductions must be applied in computing taxable salary for withholding, while employees may furnish prescribed declarations to consolidate incomes and claim relief, and deductors must obtain and quote a tax-deduction account number and use prescribed challans when remitting withheld tax. en-us Thu, 25 Jun 1987 00:00:00 +0530 Mon, 04 Aug 2008 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4894 Employers must deduct income-tax at source from salary payments by applying the average rate to the employee's estimated annual salary, including prescribed valuation of perquisites, and only where estimated salary exceeds the exemption threshold; specified exemptions, standard deduction and allowable chapter deductions must be applied in computing taxable salary for withholding, while employees may furnish prescribed declarations to consolidate incomes and claim relief, and deductors must obtain and quote a tax-deduction account number and use prescribed challans when remitting withheld tax. Circulars Income Tax Thu, 25 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4894