https://www.taxtmi.com/circulars?id=11872 For FY 2012-13 employers must deduct TDS under section 192 on estimated salary income (including perquisites) at prescribed slab rates by age, add education cesses, and may opt to pay tax on non-monetary perquisites themselves using the average rate method. Employers must value and report perquisites (Form 12BA/Form 16), obtain and quote PAN/TAN (non furnishing triggers section 206AA higher rates), deposit TDS within prescribed timelines (including book entry 24G/BIN procedures), file quarterly Form 24Q electronically, and face specified interest, fees, penalties and prosecution for failures. en-us Fri, 05 Oct 2012 00:00:00 +0530 Wed, 11 Feb 2026 15:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11872 For FY 2012-13 employers must deduct TDS under section 192 on estimated salary income (including perquisites) at prescribed slab rates by age, add education cesses, and may opt to pay tax on non-monetary perquisites themselves using the average rate method. Employers must value and report perquisites (Form 12BA/Form 16), obtain and quote PAN/TAN (non furnishing triggers section 206AA higher rates), deposit TDS within prescribed timelines (including book entry 24G/BIN procedures), file quarterly Form 24Q electronically, and face specified interest, fees, penalties and prosecution for failures. Circulars Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11872