CBDT Instructions Circular 4/2022 on Salary TDS u/s 192 (FY 2021-22)

CBDT Income Tax Circular 4/2022 dt. 15/03/2022: Instructions on Salary TDS during FY 2021-22 (AY 2022-23) u/s 192 of Income Tax Act, 1961

Subject: ​Income-tax Deduction from salaries during the Financial Year 2021-22 under section 192 of the Income-tax Act, 1961

Reference is invited to Circular No. 20/2020 dated 03/12/2020 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 2020-21, 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 2021-22 and explains certain related provisions of the Act and Income-tax Rules, 1962 (hereinafter the Rules). All the Sections and Rules referred are of the Income Tax Act 1961 and Income Tax Rules 1961, unless specified otherwise. The relevant Acts, Rules, Forms and Notifications are available at the website of the Income Tax Department- http://www.incometaxindia.gov.in.

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