59 Income Tax Circular regarding Tax regime and Savings dated 31..07.2024 2024-Jul-31 339 KB
In force — no superseding record on file.
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F.No. 18011(11)/16/2024-eoffice (E-8800) aNd 4xpR/Government of India Tared 3k Ra Hear HaTeAy/Ministry of Health and Family Welfare raed Fal Felesnea/Directorate General of Health Services Hale sete are Pas t1o4/Central Drugs Standard Control Organisation(HQ)
FDA Bhawan, Kotla Road/U9.31.¥.4a4, alco Ws, New Delhi-110002/8 fe#!-110002, Dated>*"July, 2024
Ukua/CIRCULAR
It is informed that as per section 192 of Income Tax Act 1961, “DDO has been authorised for deducting tax at source while disbursing salaries to employee. Calculation of monthly TDS (Income tax): Calculate annual income tax payable from estimated salary and other income (reported if any by employee), considering the investment planning and change in DA rates. It is the responsibility of DDO to deduct the TDS at average rate of income tax as applicable, before disbursing the salary”. 2. All the officers/staff are requested to declare Tax Regime u/s 115BAC for opting old Tax Regime/New Tax Regime under Income Tax Act for computation of TDS on Salary for the F.-Y-2024-2025 (A.Y- 2025-2026) on PFMS and forward to DDO including all savings (who is obtaining old regime). Otherwise, deduction will be as per “New Tax Regime” from next month.
Hence, it is requested that further income tax will be deducted on monthly basis as per calculation/PFMS and no application will be considered regarding “not to tax deducted in any month by individual”.
mine STE we See aaftreret ! Pa.Drawing &peng Officeret C.D.S.C.O. (HQ). FDA Bhawan
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