22. Commissioner’s power to permit employer to deduct tax under the head “Salaries” in lump sum every month and submit yearly statement

22. Commissioner’s power to permit employer to deduct tax under the head “Salaries” in lump sum every month and submit yearly statement.--     

In the case of income chargeable under the head “Salaries “ where deduction is not made by or on behalf of Government, the Commissioner may notwithstanding anything contained in rules 13  and  21(1),  permit  an  employer  to  pay  tax  on  the  income  of  his  employees chargeable under the head “Salaries “ in a lump sum every month based on the average amount of tax deductible every month from such income and to submit at the end of the year to the Deputy Commissioner of Taxes within whose jurisdiction the deduction in made  (or where there is more than one Deputy Commissioner of Taxes having jurisdiction in the same  area  to  the  Deputy  Commissioner  of  Taxes  specified  by  the  Commissioner)  a statement is the form specified in rule 23(3); such permission may be granted subject to the following conditions and any other conditions which he may specify, namely:-
        (a) the employer shall, at the end of each year,   calculate the tax due on the income under  the head "Salaries" paid to his employees during the year and adjust any excess or  deficiency in the month of June, such adjustment shall be made in accordance with the provision of section 50(2) of   the   Ordinance, that adjustment shall be made in each  individual  case  and  any  excess  recovered  from one  employee  shall  not  be        adjusted against any short recovery from another employee; and

(b)   in the case of an employee leaving service, the particulars mentioned in the statement referred to in this rule shall be sent forthwith to the Deputy Commissioner of Taxes concerned.

About Author

Golden Bangladesh

Golden Bangladesh is a point of access to information.We present information from diverse sources in a unified way. It is the leading web portal, e-Directory and business guide in Bangladesh.