Deduction of tax at source-Income-tax deduction from salaries during the financial year 1987-88 under section 192 of the Income-tax Act, 1961

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..... including Administration of Union Territories. Sir, Subject: Deduction of tax at source-Income-tax deduction from salaries during the financial year 1987-88 under section 192 of the Income-tax Act, 1961. I am directed to say that under the provisions of section 192 of the Income-tax Act, 1961, tax has to be deducted at source by any person responsible for paying any income chargeable under t .....

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..... r has been in receipt of salary from more than one employer. The employee is now required to furnish to the present/chosen employer details of the income under the head "Salary" due or received from the former/other employer and also tax deducted at source therefrom, in writing and duly verified, by him and by the former/other employer. The present employer will be required to deduct tax at source .....

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..... ticulars of income other than salaries to his employer who shall deduct out of the salary payment, the tax due on the total income subject to the condition that the total amount of tax deducted shall not be less than the amount deductible from income from salaries only. (d) These amendments will come into force with effect from 1st June, 1987. To meet the requirements of the new provisions, the .....

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