Index
Para No. Page No.
1. General 1
2. RATES OF INCOME-TAX AS PER FINANCE ACT, 2018 1
2.1 Rates of tax 1
2.2 Surcharge of Income tax 2
2.3.1 Health and Education Cess 3
3 BROAD SCHEME OF TAX DEDUCTION AT SOURCE FROM
SALARIES
3
3.1 Method of Tax Calculation 3
3.2 Payment of Tax on Non monetary Perquisites by Employer 3
3.2.1 Computation of Average Income Tax 3
3.3 Salary From More Than One Employer 4
3.4 Relief When Salary Paid in Arrear or Advance 4
3.5 Information regarding Income under any Other head 4
3.6 Computation of Income under the head ― Income from house
property‖
5
3..7 Adjustment for Excess or Shortfall of Deduction 6
3.8 Salary Paid in Foreign Currency 6
4 PERSONS RESPONSIBLE FOR DEDUCTION OF TAX AND
THEIR DUTIES
6
4.1 Stipulation of section 204 of the Act 6
4.2 Tax determined to be deducted from Salary u/s 192 7
4.3 Deduction of Tax at Lower Rate 7
4.4 Deposit of Tax Deducted 7
4.4.1 Due dates for payment of TDS 7
4.4.2 Mode of payment of TDS 7
4.5 Interest, Fee, Penalty& Prosecution for Failure to Deposit Tax
Deducted
8
4.6 Furnishing of Certificate for Tax Deducted (Section 203) 9
4.7Mandatory Quoting of PAN and TAN 12
4.8 Compulsory Requirement to furnish PAN by employee (Section
206AA)
12
4.9 Statement of Deduction of tax under of section 200 (3) [Quarterly
Statement of TDS]
13
4.10 TDS on Income from Pension 14
4.11 Matters pertaining to the TDS made in case of Non Resident 15
5 COMPUTATION OF INCOME UNDER THE HEAD ―SALARIES‖ 15
5.1 Income chargeable under the head ―Salaries‖: 15
5.2 Definition of ―Salary‖, ―perquisite‖ and ―profit in lieu of salary‖
(Section 17)
15
5.3 Income not included under the Head ―Salaries‖ (Exemptions) 24
5.4 Deduction u/s 16 of the Act form the Income from Salaries 29
5.5 Deductions under Chapter VI-A of the Act 30
6 REBATE OF RS. 2500 FOR INDIVIDUAL HAVING TOTAL
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