Deduction of tax at source-Income-tax deduction from salaries during the financial year 1980-81 u/s. 192 of the Income-tax Act, 1961 - Income Tax - 266/1980

Deduction of tax at source-Income-tax deduction from salaries during the financial year 1980-81 u/s. 192 of the Income-tax Act, 1961 Circular No. 266 Dated 24/4/1980 From S.R. Wadhwa, Director, Department of Revenue. To All State Governments. Subject: Deduction of tax at source-Income-tax deduction from salaries during the financial year 1980-81 u/s. 192 of the Income-tax Act, 1961. Sir, I am directed to invite a reference to this Ministry (Department of Revenue) Circular No. 252 (F. No. 275/16/79-ITB) dated the 26th April, 1979/10th May, 1979, on the subject of deduction of income-tax from salaries paid during the year 1979-80. The Finance Act, 1980, prescribes the same rates for deduction of tax from "salaries" during the financial year 1980-81 as were in force during the financial year 1979-80. Hence, tax at source from salaries may continue to be deducted at the same rates as are given in Part III of the First Schedule to the Finance Act, 1979. This may please be brought to the notice of all the disbursing officers and State undertakings, etc., under the control of the State Governments. Yours faithfully, (Sd.) S.R. Wadhwa, Director, Dept. of Revenue.