Deduction of tax from salary as per section 192 shall be at— (A) 10% of salary (B) The average rate of income-tax computed on the basis of rates in force for the financial year in which the payment is made (C) The maximu
CS Executive · Tax Laws and Practice · PYQS · June 2016
Deduction of tax from salary as per section 192 shall be at— (A) 10% of salary (B) The average rate of income-tax computed on the basis of rates in force for the financial year in which the payment is made (C) The maximum marginal rate of 30% (D) None of the above.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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