Income Tax Department. CBDT has issued recently circular No. 17/2014 for Salaried Employee regarding Deduction from Salaries during the Financial Year 2014-15 under section 192 of the income Tax Act, 1961.
As per the recent circular of CBDT the Rates of Income Tax all deduction and exemption covered in the Tax Calculation utility. This Tax Calculation utility i.e. specially for Salaried Employee with monthly salary statement is here available. Now, all Salaried Employee can download this Income Tax Calculation Utility for Asstt. Year 2015-16 to deduct TDS from monthly salary.
