Instructions for deduction of tax at source from salaries during the financial year 2000-2001 - Taxation Laws (Amendment) Ordinance, 2001

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..... dated 12-2-2001 . An additional surcharge of 2% has also been levied vide the Taxation Laws (Amendment) Ordinance, 2001 for the purpose of deduction of tax at source. In view of this, the amount of income-tax computed at the prescribed rates shall be reduced by the amount of rebate of income-tax calculated under Chapter VIII-A and the income-tax so reduced shall be increased by a surcharge .....

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..... ome-tax Act, 1961, in respect of donations made to : ( i ) any fund set up by the State Government of Gujarat exclusive for providing reliefs to the victims of earthquake in Gujarat, ( ii ) any trust, institution or fund during the period beginning on the 26th day of January, 2001 and ending on the 30th day of September 2001, for providing relief to the victims of earthquake in Gujarat. .....

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..... e extension of benefit of 100% deduction under section 80G of the Act as discussed in para 2 above. It has been decided that in such cases, where the donations are being deducted out of the salaries payable to the employees by the employers themselves for making payment of the consolidated donations to any trust, institution or fund for providing relief to the victims of earthquake in Gujarat, the .....

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