https://www.taxtmi.com/circulars?id=64562 Income-tax deduction at source from salaries during financial year 2020-21 under section 192 is governed by the normal slab rates and the concessional regime under section 115BAC, subject to the prescribed conditions for option, exemptions, deductions, surcharge, and health and education cess. The employer must compute estimated taxable salary, deduct tax at each payment, adjust excess or shortfall within the year, and follow the rules for multiple employers, foreign currency salary, perquisites, lower deduction certificates, and employee intimation for section 115BAC. The circular also sets out TDS compliance, Form 24Q, Form 16, PAN or Aadhaar and TAN requirements, and the evidentiary conditions for allowances, exemptions, and Chapter VI-A deductions. en-us Thu, 03 Dec 2020 00:00:00 +0530 Fri, 03 Apr 2026 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64562 Income-tax deduction at source from salaries during financial year 2020-21 under section 192 is governed by the normal slab rates and the concessional regime under section 115BAC, subject to the prescribed conditions for option, exemptions, deductions, surcharge, and health and education cess. The employer must compute estimated taxable salary, deduct tax at each payment, adjust excess or shortfall within the year, and follow the rules for multiple employers, foreign currency salary, perquisites, lower deduction certificates, and employee intimation for section 115BAC. The circular also sets out TDS compliance, Form 24Q, Form 16, PAN or Aadhaar and TAN requirements, and the evidentiary conditions for allowances, exemptions, and Chapter VI-A deductions. Circulars Income Tax Thu, 03 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64562