CBDT circular on TDS on salary for Financial Year 2019-20

CBDT circular on TDS on salary for Financial Year 2019-20

CBDT has issued circular on TDS from salaries for FY 2019-20. Various provisions of Deduction of Tax At Source and Income Tax Deduction From Salaries Under Section 192 of the Income-Tax Act, 1961 have been explained by this circular with the help of examples.

Some of the important topics covered by the circular are:

1. Rates of Income-Tax as Per Finance Act, 2018
2. Scheme of Tax Deduction at Source from Salaries
3. Persons Responsible For Deduction of Tax and Their Duties
4. Computation of Income Under The Head Salaries
5. Rebate of Rs 12500 For Individual Having Total 44 Income Upto Rs. 5 Lakh ( Section – 87a)

Click here to Download the Circular

Source : Income Tax

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