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Category: Income Tax

Updated-workbook-Income-Tax-Salary-Circular
April 28, 2023
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| Income Tax, TDS ( Tax Deducted at Source)

Government of Punjab, Department of Finance ( Tax Planning Cell), Punjab Civil Secretariat has issued Circular on 12-04-2023 regarding DEDUCTION OF TAX AT SOURCEINCOME TAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOME TAX ACT, 1961. We have uploaded Copy of Circular issued by Punjab Government alongwith CIRCULAR NO: 24/2022 issued by Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes. The PDF copy of these circular including booklet has been uploaded in…

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New Clarification Regarding deduction of TDS on Salaries issued by CBDT
April 8, 2023
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| Income Tax, Latest News for Emplopyees and Pensioners

The Ministry of Finance, Govt of India, has issued a circular on April 5, 2023, clarifying how employers will be deducting tax on salaries for the current financial year 2023-24. An employer seek option from each of its employee , the income tax regime that he/she intends to choose for the purpose of TDS on salaries. Once the intimation is received by an employer, then tax on salary will be deducted accordingly. The employee can choose either the new…

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