https://www.taxtmi.com/circulars?id=58897 Employers and persons responsible for paying salaries must deduct income-tax on estimated salary income for the financial year at rates notified by the Finance Act, 2018, applying age-based slabs, surcharge and a health and education cess; employers may opt to pay tax on perquisites, must obtain prescribed evidence for exemptions and deductions (including PAN, Form 12BA/12BB), file quarterly TDS statements electronically, issue Form 16 via TRACES, timely deposit TDS or face interest, penalties and prosecution for non-compliance. en-us Tue, 01 Jan 2019 00:00:00 +0530 Wed, 05 Jun 2024 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58897 Employers and persons responsible for paying salaries must deduct income-tax on estimated salary income for the financial year at rates notified by the Finance Act, 2018, applying age-based slabs, surcharge and a health and education cess; employers may opt to pay tax on perquisites, must obtain prescribed evidence for exemptions and deductions (including PAN, Form 12BA/12BB), file quarterly TDS statements electronically, issue Form 16 via TRACES, timely deposit TDS or face interest, penalties and prosecution for non-compliance. Circulars Income Tax Tue, 01 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58897