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What is Adjusting Excess Deductions in Salaries about?

The document discusses deduction of tax at source from salaries. It states that the person responsible for paying salaries must deduct tax from the payment at a rate representing the average tax rate applicable to the estimated total income of the payee under the head "Salaries". The amount deducted can be increased or decreased to adjust for any excess or deficiency from previous deductions. For salaries paid in foreign currency, the value in Taka of the salary must be calculated at the rate prescribed by

Author

moonmanik

Language

EN