Tax Deduction on Salaries – Clarification Circular

The Income-tax Department has issued Circular N0 05/2011 dtd 16th August 2011 containing the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2011-2012 and explains certain related provisions of the Income-tax Act.

This circular will be a handy reference for Employers deducting tax from their Employee’s Salaries.

Click here to download the Circular.