Friends,
Government of India, Ministry of Finance, Department of Revenus, Central Board of Direct Taxes has issued the circular regarding Deduction of Tax at Source- Income Tax Deduction from Salaries under Section 192 of the Income Tax Act, 1961 for the Financial Year 2011-12. It is the responsibility of each and every person who is responsible as Drawing and Disburssing Officer (D.D.O) to deduct tax at source as per rules on any payments paid under the Head "salaries". The Income Tax should be calculated on estimated income during the financial year and perportionate tax is to be deducted. Download the Circular No. 5/11 from the link Below :-
Important :-
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