https://www.taxtmi.com/circulars?id=66066 The circular requires employers/DDOs to deduct income tax under Section 192 at the average rate on estimated salary income for FY 2022 23, including perquisites and profits in lieu of salary, subject to applicable slab rates, surcharge, and health and education cess, and to observe prescribed evidentiary, reporting and filing obligations (PAN/Aadhaar, Forms 12BA/12BB/10E, Form 24Q, Form 16 via TRACES). It sets valuation rules for perquisites, allows employer payment of tax on certain perquisites, explains interaction with Section 115BAC, and prescribes penalties, interest and procedural compliance for deposit and return filing. en-us Wed, 07 Dec 2022 00:00:00 +0530 Tue, 29 Apr 2025 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66066 The circular requires employers/DDOs to deduct income tax under Section 192 at the average rate on estimated salary income for FY 2022 23, including perquisites and profits in lieu of salary, subject to applicable slab rates, surcharge, and health and education cess, and to observe prescribed evidentiary, reporting and filing obligations (PAN/Aadhaar, Forms 12BA/12BB/10E, Form 24Q, Form 16 via TRACES). It sets valuation rules for perquisites, allows employer payment of tax on certain perquisites, explains interaction with Section 115BAC, and prescribes penalties, interest and procedural compliance for deposit and return filing. Circulars Income Tax Wed, 07 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66066