The Central Board of Direct Taxes (CBDT) on December 07, 2022, issued a circular regarding Income-Tax Deduction from Salaries During the Financial Year 2022-23 under Section 192 of the Income-tax Act, 1961.
It provides the Method of Tax Calculation for every individual, being a resident in India, who is of the age of sixty years or more but less than eighty years at any time during the financial year and in the case of every individual, being a resident in India, who is of the age of eighty years or more at any time during the financial year.
