Circular 1/2010: TDS on Salary u/s 192
After the releasing the notification regarding valuation of perquisites for determining the taxable salary u/s 17 in the hands of employees.
CBDT has come up with a new Circular 1/2010 to determine the TDS on salary u/s 192 as the end of the previous year draws nearer.
The circular illustrates in detail as to how to calculate the amount of TDS on salary paid during F.Y. 09-10. Various declaration forms like 16AA etc. are also annexed to the circular.
Apart from this there is also a detailed illustration to elucidate as to how calculations should be done.
To download the circular click here.