CORRIGENDUM - Income Tax Deduction from salaries during the F.Y. 2009-10 under section 192 of the Income Tax Act.

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..... Income Tax Act. The undersigned is draw the attention on the Board's Circular No. 1/2010 dated 11th Jan, 2010 on the subject cited above. The following errata has been noticed which is rectified are as under:- (a) Circular No. mentioned in first page of the circular under General Category which is read as Circular No. 08/2007 dated 5.12.2007 may be read as Circular No. 09/2008 dated 29.09.20 .....

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..... ay be read as Rs 1,74,000 in place of Rs. 1,71,000 and the amount calculated under the head Education Cess@2% & Secondary and Higher Education Cess @ 1% may be read as Rs. 3480 and & Rs. 1740 in place of Rs. 3420 & Rs. 1710 respectively. Accordingly, the total Income tax payable may be read as Rs. 1,79,220 in place of Rs. 1,76,310. (d) In Example - 5. The amount falls under Tax Payable Category m .....

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