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Www.taxpundit.org/feedback.html www.taxpundit.org www.taxpundit.org/library.html CIRCULAR NO. 781 Income tax deduction from salaries during the financial year 19992000 under section 192 of the Income
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Income tax deduction from salaries is the process of withholding a certain amount of an employee's salary by their employer to meet the employee's tax liability to the government.
Employers are required to file income tax deduction from salaries on behalf of their employees.
Employers need to accurately calculate the tax withholding amount from their employees' salaries and report this information to the tax authorities.
The purpose of income tax deduction from salaries is to ensure that employees meet their tax obligations without having to pay a lump sum at the end of the year.
Employers need to report the total amount of income paid to employees, the tax withholding amount, and other relevant details to the tax authorities.
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