Question

Who is authorised to determine value of benefits otherthan cash payment for recovery U/S 70(A) Director General(B) Medical Commissioner(C) Insurance Commissioner(D) State Medical Commissioner.

Answer 1

Reference is invited to Circular No. 05/2011, dated 16-8-2011 whereby the rates of deduction of income-tax from the payment of income under the head "Salaries" under Section 192 of the Income-tax Act, 1961 (hereinafter 'the Act'), during the financial year 2011-12, were intimated.