https://www.taxtmi.com/circulars?id=5070 Tax deduction at source under section 192 requires employers/payors to deduct tax monthly on estimated annual salary income by computing tax at the average rate and dividing by twelve; aggregation of salary from multiple employers is required, and prescribed forms allow inclusion of other income for computing TDS. The circular details operation of standard deduction, valuation and inclusion of perquisites, specified exemptions and deductions (house rent allowance, gratuity, pension commutation, medical reliefs, charitable contributions, and special concessions such as sections 80DD, 80GG, 80RRA and 80U), and sets out procedural obligations for deposit, certification, reporting and penalties for non-compliance. en-us Thu, 22 Jul 1993 00:00:00 +0530 Sat, 09 Aug 2008 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5070 Tax deduction at source under section 192 requires employers/payors to deduct tax monthly on estimated annual salary income by computing tax at the average rate and dividing by twelve; aggregation of salary from multiple employers is required, and prescribed forms allow inclusion of other income for computing TDS. The circular details operation of standard deduction, valuation and inclusion of perquisites, specified exemptions and deductions (house rent allowance, gratuity, pension commutation, medical reliefs, charitable contributions, and special concessions such as sections 80DD, 80GG, 80RRA and 80U), and sets out procedural obligations for deposit, certification, reporting and penalties for non-compliance. Circulars Income Tax Thu, 22 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5070