Circular No 05/2011, dated 16 August 2011.
Certain provisions of the Income-tax Act, 1961 related to the Finance Act, 2011 — Rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2011–2012.
Circular No. 05/2011, Dated: 16-8-2011
[F.NO. 275/192/2011-IT(B)]
Certain provisions of the Income-tax Act, 1961 related to Finance Act, 2011 -Rates of
deduction of income-tax from the payment of income chargeable under the head
“Salaries” during the financial year 2011-2012
deduction of income-tax from the payment of income chargeable under the head
“Salaries” during the financial year 2011-2012
Reference is invited to Circular No.08/2010 dated 13.12.2010 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(hereinafter ‘the Act’), during the financial year 2010-2011, 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 2011-2012
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-
of income-tax from the payment of income under the head “Salaries” under Section 192 of
the Income-tax Act, 1961(hereinafter ‘the Act’), during the financial year 2010-2011, 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 2011-2012
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-
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