Category: Income Tax Circular

CBDT Circular No. 3/2025 – Income Tax Deduction from Salaries for March Quarter

The Central Board of Direct Taxes (CBDT) has released Circular No. 3/2025 on 20th February 2025, providing updated guidelines on Income-Tax Deduction from Salaries during the Financial Year 2024-25 for… Read more »

Relief for Tax Deductors / Collectors – for inoperative PANs

Vide Circular No. 6 / 2024 dated 23rd April 2024, relief has been provided for deduction / collection of tax at a higher rate for ‘Inoperative PANs’ as per an… Read more »

Salary Details (Annexure II) : Form 24Q-Q4

      1 Comment on Salary Details (Annexure II) : Form 24Q-Q4

Last year, vide its Notification No. 36/2019 by the Income Tax Department had substantially modified the format of Part B of Form 16 (Salary TDS Certificate given to Employees) with… Read more »

Salary Details (Annexure II) : Form 24Q-Q4

      No Comments on Salary Details (Annexure II) : Form 24Q-Q4

Last year, vide its Notification No. 36/2019 by the Income Tax Department had substantially modified the format of Part B of Form 16 (Salary TDS Certificate given to Employees) with… Read more »

Extension of Nil or Lower TDS/TCS Certificate to 30th June 2020

CBDT vide Notification No. F.No.275/25/2020-IT(B) dated 31st March 2020 has provided relief to the applicants of certificates for lower or nil TDS / TCS, under section 195, 197, 206C of… Read more »