Administration Manual - B.E.S.T. Undertaking.

the help of the four clerks & the following activities are carried out in this
section: -
1. Deduction and remittance of income tax from salaries of
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employees of the Undertaking as per provisions of Income Tax Act
and maintaining record thereof.
2. Deduction and remittance of Professional Tax from salaries of
employees of the Undertaking as per provisions of Profession Tax
Act and maintaining record thereof.
3. The work pertaining to execution of salary attachment court orders
by family court, co-operative court and small causes court &
maintaining record thereof.
According to the provision of section 200 with provision of section
192 the sum deducted as income tax should be deposited to the credit of
Central Government in the prescribed manner within “one week” from
the date of salary payment of the employees as per rule 30 of the income
tax rule 1961. Therefore, BEST Undertaking as an employer is required
to deduct income tax at source from the “salaries” of the employees as
per section 192(i) of Income Tax Act 1961.
Penalty for failure to deposit tax deduction.
If as an employer, BEST Undertaking fails to deduct the whole or
any part of the tax at source or after deducting fails to pay the same to
credit of Central Government within prescribed time (i.e. 7 days from the