https://www.taxtmi.com/circulars?id=5153 Employers and persons responsible for paying salary must estimate each employee's salary income (including specified perquisites), compute income-tax on that estimate at prescribed slab-based rates, and deduct tax on average at each payment when the estimated salary exceeds the threshold. Employees with multiple employers or claiming relief may furnish prescribed verified particulars or forms to enable deduction on aggregate salary or to compute relief. Deductors must deposit sums timely, furnish TDS certificates and returns, quote TAN, observe valuation rules and eligibility for exemptions and Chapter VI-A deductions, and face penalties, interest and criminal sanctions for non-compliance. en-us Tue, 03 Nov 1998 00:00:00 +0530 Sat, 22 Jun 2024 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5153 Employers and persons responsible for paying salary must estimate each employee's salary income (including specified perquisites), compute income-tax on that estimate at prescribed slab-based rates, and deduct tax on average at each payment when the estimated salary exceeds the threshold. Employees with multiple employers or claiming relief may furnish prescribed verified particulars or forms to enable deduction on aggregate salary or to compute relief. Deductors must deposit sums timely, furnish TDS certificates and returns, quote TAN, observe valuation rules and eligibility for exemptions and Chapter VI-A deductions, and face penalties, interest and criminal sanctions for non-compliance. Circulars Income Tax Tue, 03 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5153