అప్ డేటెడ్ ఇంకం టాక్ష్ సాఫ్ట్ వేర్ నేడే అన్ని విధాలుగా అప్ డేట్ చేసాము శులభంగా నిమిషాల్లో లెక్కించుకోవచ్చు పర్ఫెక్ట్ సాఫ్ట్ వేర్ దిగుమతి చేసుకోండి

అప్ డేటెడ్ ఇంకం టాక్ష్ సాఫ్ట్ వేర్

నేడే అన్ని విధాలుగా అప్ డేట్ చేసాము

శులభంగా నిమిషాల్లో లెక్కించుకోవచ్చు

పర్ఫెక్ట్ సాఫ్ట్ వేర్

దిగుమతి చేసుకోండి

SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE

FINANCIAL YEAR 2018-19 UNDER SECTION 192 OF THE

INCOME-TAX ACT, 1961.

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Reference is invited to Circular No. 29/2017 dated 05.12.2017 whereby the rates

of deduction of income-tax from the payment of income under the head "Salaries" under

Section 192 of the Income-tax Act, 1961 (hereinafter ‗the Act‘), during the financial year

2017-18, were intimated. The present Circular contains the rates of deduction of income-tax

from the payment of income chargeable under the head "Salaries" during the financial

year 2018-19 and explains certain related provisions of the Act and Income-tax Rules, 1962

(hereinafter the Rules). The relevant Acts, Rules, Forms and Notifications are available at

the website of the Income Tax Department- www.incometaxindia.gov.in.

2. RATES OF INCOME-TAX AS PER FINANCE ACT, 2018:

As per the Finance Act, 2018, income-tax is required to be deducted under Section 192 of

the Act from income chargeable under the head "Salaries" for the financial year 2018-19

(i.e. Assessment Year 2019-20) at the following rates: