Circular No. 4/2008 — TDS on salary — employer obligations
Date: 2008-04-28 Status: ACTIVE Category: TDS / TCS Binding on Department: Yes (Section 119 / Section 400 IT Act 2025)
Summary
Comprehensive guidelines for employers on TDS from salary payments. Covers computation methodology, perquisite valuation, and Form 16 issuance.
Key Directions
- Employer must deduct TDS on estimated salary income at average rate.
- Employee to furnish evidence of tax-saving investments by prescribed date.
- Employer to issue Form 16 within prescribed time after end of financial year.
Applicability Under IT Act 2025
Saving Clause: Section 536 of IT Act 2025 saves circulars issued under the 1961 Act “so far as not inconsistent” with the new Act.
| Old Section (1961 Act) | New Section (2025 Act) | Consistent? |
|---|---|---|
| 192 | 392 | Yes |
Cross-References
Act Sections
Related Circulars
- None identified
Key Case Law (Circular Supremacy)
- To be populated — cases where this circular was cited/applied
Full Text
Full text to be added — see raw/circulars/ for PDF when available
Source
- Official: incometaxindia.gov.in/circulars