https://www.taxtmi.com/circulars?id=65448 Income-tax deduction at source from salaries for financial year 2021-22 is to be made under section 192 on estimated salary income at the average rate for the year, after considering exemptions, deductions and relief. The circular explains salary, perquisites and profits in lieu of salary, the concessional tax regime under section 115BAC, the treatment of salary from more than one employer, arrears or advance salary, and the obligation to furnish particulars of perquisites and supporting evidence. It also sets out the applicable tax rates, surcharge, cess, TDS deposit, statement filing, Form 16 and Form 12BA requirements, and the principal Chapter VI-A deductions available to employees. en-us Tue, 15 Mar 2022 00:00:00 +0530 Fri, 03 Apr 2026 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65448 Income-tax deduction at source from salaries for financial year 2021-22 is to be made under section 192 on estimated salary income at the average rate for the year, after considering exemptions, deductions and relief. The circular explains salary, perquisites and profits in lieu of salary, the concessional tax regime under section 115BAC, the treatment of salary from more than one employer, arrears or advance salary, and the obligation to furnish particulars of perquisites and supporting evidence. It also sets out the applicable tax rates, surcharge, cess, TDS deposit, statement filing, Form 16 and Form 12BA requirements, and the principal Chapter VI-A deductions available to employees. Circulars Income Tax Tue, 15 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65448