Circular No. 29/2017

Income-tax deduction from salaries during the financial year 2017-18 under section 192 of the Income-tax Act, 1961

What this is

Circular No. 29/2017 was issued by the Central Board of Direct Taxes on 5 December 2017. Its subject is Income-tax deduction from salaries during the financial year 2017-18 under section 192 of the Income-tax Act, 1961.

This is the Board’s annual salary-TDS circular. It restates the law on deduction from salary for one financial year, with the year’s rates and the year’s forms. Use the circular for the year in question, never a later one.

The instrument itself

The department publishes this one as a scanned document rather than as text, so there is nothing here for us to reproduce. The signed document is on the department’s own site — this file.

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A circular binds the department, not you and not a court. The Board issues a circular to its own officers. An assessee may hold the department to a circular that helps him; the department cannot hold an assessee to one that hurts him, and the Tribunal and the courts decide the law for themselves.

Source: the Income Tax Department’s own published text — its page for this instrument.