Income tax Circular 2011-12 for Salaried Employees

Income Tax Department has come up with a compendium for determining income tax liability of a salaried employee and deduction of the same by the respective employer in the form of  circular No:5/2011, dated 16.08.2011.

Use this Online Calculating tool to know your income tax liability. Click here

Use this online tool to calculate relief under Section 89(1) of Income Tax Act for arrears of income received in the year 2011-12.