https://www.taxtmi.com/circulars?id=63400 The Circular prescribes tax slab rates, surcharge bands and 4% health and education cess for FY 2019-20, and directs persons responsible for paying salaries to estimate an employee's annual salary (after allowable exemptions/deductions), compute tax at prescribed rates subject to sec. 206AA, and deduct TDS at each payment with intra year adjustments permitted. Employers may elect to pay tax on non monetary perquisites (taxed at the average rate) and must collect prescribed evidence (Form 10E, Form 12BB, computation of house property loss, Form 12BA) before allowing exemptions or deductions; reporting, deposit, Form 16/24Q/24G procedures and penalties for non compliance are set out. en-us Thu, 16 Jan 2020 00:00:00 +0530 Thu, 30 May 2024 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63400 The Circular prescribes tax slab rates, surcharge bands and 4% health and education cess for FY 2019-20, and directs persons responsible for paying salaries to estimate an employee's annual salary (after allowable exemptions/deductions), compute tax at prescribed rates subject to sec. 206AA, and deduct TDS at each payment with intra year adjustments permitted. Employers may elect to pay tax on non monetary perquisites (taxed at the average rate) and must collect prescribed evidence (Form 10E, Form 12BB, computation of house property loss, Form 12BA) before allowing exemptions or deductions; reporting, deposit, Form 16/24Q/24G procedures and penalties for non compliance are set out. Circulars Income Tax Thu, 16 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63400