Anticipatory Income Tax Statement 2021-22 Form PDF Free Download

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Anticipatory Income Tax Statement 2021-22 Form PDF Details
Anticipatory Income Tax Statement 2021-22 Form PDF Free Download
PDF Name
Anticipatory Income Tax Statement 2021-22 Form
No. of Pages 02
PDF Size 6.04KB
Language  English
Category Government
Source pdfhunter.com

Anticipatory Income Tax Statement 2021-22 Form

Download the Anticipatory Income Tax Statement 2021-22 Form PDF from the link at the bottom of this page. When the total pay amount increases due to a salary boost, interest, or other allowances, government employees should submit a revised anticipatory statement, and the amended income tax amount should be withheld from the following month’s salary.

According to the anticipated income statement, one-twelfth of tax should be deducted from each month’s salary bill. If the income tax amount is not deducted from the sources of income, 1 percent interest and 1.5 percent interest for the tax amount not paid should be repaid. Defaulters and those who decrease the amount that is to be deducted may face penalties.

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