March being the last month for final calculation and payment of Income Tax, such of those Faculty Members / Staff who are tax payers and whose gross income exceeds Rs. 2.50 Lakhs in a financial year are requested to furnish the self attested documentary proof of savings for réduction from income tax to the Finance Department (NGI-K) @ Pampady on or before 25th March’2021. Those who do not furnish the required documents in time, tax will be calculated on the payments made So far and remitted to the Income Tax Department. If they find later that excess tax is paid due to non submission of relevant proof, they may claim refund from the Income Tax Department directly.
Please go through the PDF,SALARY INCOME TAX CIRCULAR.pdf