https://www.taxtmi.com/circulars?id=4954 Deduction of tax at source from salaries for 1989-90 under section 192 requires employers to deduct tax at the average rate on estimated annual salary (including specified perquisites and allowances) divided monthly, subject to statutory thresholds and rounding rules. The Circular summarizes rate changes and surcharge amendments, expansion of "income" to include various allowances, valuation of perquisites, and the availability and limits of exemptions and deductions under provisions such as section 10 exemptions, section 16 standard deduction and entertainment allowance, section 80C housing and provident fund provisions, and other reliefs. It sets out Form No.16/Form No.24 filing, TAN quoting, challan use and penalties for non-compliance. en-us Wed, 12 Jul 1989 00:00:00 +0530 Thu, 07 Aug 2008 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4954 Deduction of tax at source from salaries for 1989-90 under section 192 requires employers to deduct tax at the average rate on estimated annual salary (including specified perquisites and allowances) divided monthly, subject to statutory thresholds and rounding rules. The Circular summarizes rate changes and surcharge amendments, expansion of "income" to include various allowances, valuation of perquisites, and the availability and limits of exemptions and deductions under provisions such as section 10 exemptions, section 16 standard deduction and entertainment allowance, section 80C housing and provident fund provisions, and other reliefs. It sets out Form No.16/Form No.24 filing, TAN quoting, challan use and penalties for non-compliance. Circulars Income Tax Wed, 12 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4954