Home > Income Tax Act 2025 > Section-392Last Updated: Mar 06th 2025
Section-392 provides for provisions relating to tax deduction at source on salary and accumulated balance to an employee. Learn to understand the section-392 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
shall at the time of payment of accumulated balance due to the employee participating in a recognised provident fund, deduct income-tax thereon at the rate of 10%, where the aggregate amount of such payment is fifty thousand rupees or more, and such accumulated balance is includible in his total income owing to the provisions of paragraph 8 of Part A of Schedule XI not being applicable.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.