08 August 2008
The rate is not fixed but the income of the salaried employee is computed and tax at source is deducted u/s 192 of the act. the tax due on salary income after giving the deductions under chapter VIA and other as stipulated in the section tax is calculated and the evenally deduction is made on monthly basis.
08 August 2008
It should be calculated based on the estimated annual taxable salary & then to be deducted per month under section 192B by dividing by 12
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