3rd installment Income Tax Advance Tax last due date 15-12-2011. Pay with in time to avoid interest u/s 234 B & 234 C under the provisions of Income Tax Act 1961.

Circulars & Notifications - Income Tax

Circular

Income-tax Act

Section 192 of the Income-tax Act, 1961 - Deduction of tax at source - Salaries - Income-tax deduction from salaries during the financial year 2010-11

Circular No. 8/2010 [F.No. 275/192/2009-IT(B)], dated 13-12-2010

Reference is invited to Circular No. 01/2010, dated 11-1-2010 whereby the rates of deduction of income-tax from the payment of income under the head “Salaries” under section 192 of the Income-tax Act, 1961, during the financial year 2009-10, were intimated. The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2010-11 and explains certain related provisions of the Income-tax Act. The relevant Acts, Rules, Forms and Notifications are available at the website of the Income-tax Department - www.incometaxindia.gov.in.