Rates for deduction of income-tax at source from “Salaries”, computation of “advance tax” and charging of income-tax in special cases during the financial year 2019-20.
5 July, 2019
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Rates for deduction of income-tax at source from salaries set and applied to advance tax and special-case assessments. Part III of the First Schedule prescribes rates for deduction of income-tax at source from salaries and for computation of advance tax for the financial ... Summary
Rates for deduction of income-tax at source from salaries set and applied to advance tax and special-case assessments.
Part III of the First Schedule prescribes rates for deduction of income-tax at source from salaries and for computation of advance tax for the financial year 2019-20; those rates also apply to charging income-tax on current incomes in special assessment cases such as provisional assessment of non-resident shipping profits, assessments of persons leaving India, persons likely to transfer property to avoid tax, and short-duration bodies.
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