Income Tax Deduction from Salaries in the Financial Year 2015-16 or Assessment Year 2016-17

Income Tax Department has issued instructions for deduction of Income Tax from Salaries in the current Financial Year i.e. 2015-16 in Circular No. :- 20/2015 dated 2nd December, 2015.  This circular solves lot of problems of deductors and also helps for Assessees to know the deductions can be claimed from salaries. 

The above circular contains many examples of computation of Income Tax. 
To Read complete Circular  No.:-20/2015 dated 2nd December 2015 (Click here for official link)

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