Deduction of tax at source-Income-tax deduction from salaries during the financial year 1986-87 under section 192 of the Income-tax Act, 1961

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..... Secretary, Central Board of Direct Taxes. To All State Governments including Administration of Union Territories. Sir, Subject: Deduction of tax at source-Income-tax deduction from salaries during the financial year 1986-87 under section 192 of the Income-tax Act, 1961. I am directed to refer to this Ministry's Circular No. 459 [F. No. 275/64/86-IT(B)], dated 16-6-86,* on the subject and .....

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..... vant period; or (c) Where such accommodation is situated in Bombay, Calcutta, Delhi or Madras, 50% of the salary due to the employee for the relevant period; or (d) Where such accommodation is situated in any other place, 40% of the salary due to the employee for the relevant period, whichever is the least. For definition of salary, please refer to the Rule. 3. The contents of the Circular ma .....

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