Circular No. 629-Income tax Reference is invited to Board’s Circular No. 612, dated 13-11-1991 wherein the rates of deduction of income-tax during the financial year 1991-92, from the payment of income under the head “Salaries”, under section 192 of the Income-tax Act, 1961, were intimated. The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 1992-93 and explains certain related provisions of the Income-tax Act
