Statutory Provision on Section 192(1) On
Deducting Average Rate of Income Tax Every Month - From Payment of Salaries to
Employees
Cir.Memo. No: FIN02-15069/12/2022-E
SEC-DTA
(Computer No. 1811365) Date: 13/09/2022
Sub: Public Services – T&A(sub)
Services - Statutory provision on section 192(1) on deducting average rate of
income tax every month - from payment of salaries to employees –Instructions
issued - Regarding.
Ref: F.No.TDS Range/VJA/2022-23, dt. 9.9.2022,
of the Addl.Commissioner of Income Tax, TDS Range,Vijayawada.
Attention of all the DT&AOs, of the
District Treasuries in the state is invited to the reference cited. They are
informed that as per Section 192 sub section (1) of the income tax act, "-
any person responsible for paying any income chargeable under the head salaries
shall, at the time of payment deduct income tax on the amount payable at the
average rate of income tax computed on the basis of the rates in force for the financial
year in which the payment is made, on the estimated income of the assessee
under this head for that financial year". If the section 192(1) is not
followed by the DDO on the tax deduction on salary payments, the TDS assessing officer
may charge interest under section 201(1A) @ 1% per month or part of the month
on such late deduction of tax from the deductor.
Therefore, while enclosing the copy of
the reference cited, I request all the DT&AOs to communicate these rules of
the IT department to all the DDOs under your jurisdiction and instruct them for
strict compliance.
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