Amendment of section 192A.

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..... hall be omitted. - Clause 80 of the Bill seeks to amend section 192A of the Income-tax Act relating to payment of accumulated balance due to an employee. The provisions of the said section provide for .....

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..... ng such tax, failing which tax shall be deducted at the maximum marginal rate. It is proposed to omit the second proviso to the said section. This amendment will take effect from 1st April, 2023. - .....

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