https://www.taxtmi.com/circulars?id=5139 Employers must estimate each employee's salary income for 1997-98, compute tax on that estimate under section 192 at prescribed tiered rates and deduct tax on average at each payment; no deduction is required if estimated salary income does not exceed the exemption threshold. Aggregation rules apply where employees have multiple employers or furnish particulars of other income/TDS (Forms 10E/12C), subject to conditions preventing aggregation if it would reduce tax liability. Deductors must deposit deducted tax timely, issue prescribed certificates and returns (including Form 16 and Form 24), quote TAN, and observe penalties and procedural requirements for failures to deduct, remit or report. en-us Mon, 20 Oct 1997 00:00:00 +0530 Sat, 09 Aug 2008 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5139 Employers must estimate each employee's salary income for 1997-98, compute tax on that estimate under section 192 at prescribed tiered rates and deduct tax on average at each payment; no deduction is required if estimated salary income does not exceed the exemption threshold. Aggregation rules apply where employees have multiple employers or furnish particulars of other income/TDS (Forms 10E/12C), subject to conditions preventing aggregation if it would reduce tax liability. Deductors must deposit deducted tax timely, issue prescribed certificates and returns (including Form 16 and Form 24), quote TAN, and observe penalties and procedural requirements for failures to deduct, remit or report. Circulars Income Tax Mon, 20 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5139