With reference to Circular No. 08/13 dated 10.10.2013 issued by Income Tax Department (CBDT) contains the rate of deductions of Income Tax from the payment of Income chargeable under the Head "Salary" for the Asstt. Year 2014-15.
As per the Finance Act, 2013, Income Tax is required to be deducted under Section 192 of the Act from Income Chargeable under the head "Salaries" for the Fin. Year 2013-14 (i.e. Asstt. Year 2014-15).
For the purpose of making the payment of tax below Income Tax Excel Utility Calculate average of Income Tax computed on the basis of rate in force for the Fin. Year, on the Income chargeable under the head "salaries" including the value of perquisits for which tax has been paid by the employer hemself.
As per the Finance Act, 2013, Income Tax is required to be deducted under Section 192 of the Act from Income Chargeable under the head "Salaries" for the Fin. Year 2013-14 (i.e. Asstt. Year 2014-15).
For the purpose of making the payment of tax below Income Tax Excel Utility Calculate average of Income Tax computed on the basis of rate in force for the Fin. Year, on the Income chargeable under the head "salaries" including the value of perquisits for which tax has been paid by the employer hemself.
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