CORRIGENDUM - Circular NO.1/2019 dated 1st January, 2019 - Income Tax - F. No. 275/192/2018-IT (B)

F. No. 275/192/2018-IT (B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi 18th January, 2019 CORRIGENDUM Subject: Income-Tax Deduction from Salaries during the Financial Year 2018-19 under Section 192 of the Income-tax Act, 1961 - regarding. The undersigned is directed to refer to Circular No.1/2019 dated 1st January, 2019 bearing file of even number on the above mentioned subject and to state that in Annexure-I from Examples from 1 to 8 referred to in pages from 47 to 55, For Assessment Year 2018-19 may be read as For Assessment Year 2019-20 . In Annexure-I in Example 1 referred to in page 47, in Para A against serial No.(ii), ₹ 5,00,000 may be read as ₹ 4,00,000 . In Annexure-I from Examples 1 to 10, referred to in pages 47 to 59, a deduction of ₹ 40,000 is allowed as standard deduction u/s 16(ia) of the Income-tax Act, 1961 . The computation of total income and tax payable thereon will be accordingly modified. (Sandeep Singh) Under Secretary to the Govt. of India Tele/Fax : 23094182 Mail: [email protected]