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Income-tax Rules, 2026 | Rule 204 of 333

Rule 204 - Salary particulars for tax deduction at source

Reviewed by CA Nikhil Gupta · Last reviewed 29 August 2026

Local extract available Legacy mapping: 26A,26B

204Rule number
1217Local text characters
2Linked Forms

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Source and status control

Primary authority: Notification No. 22/2026 / G.S.R. 198(E)

Currentness control: Base Rules effective 1 April 2026. Check later amendments, corrigenda and portal implementation before action.

Local statutory extract - official source controls

Rule text held in the production corpus

Furnishing of particulars for deduction of tax at source from income under the head "Salaries". 204. (1) The assessee may furnish the following particulars in Form No. 122 to the person responsible for making the payment referred to in section 392(1), for the purpose of deduction under that sub-section— (a) any income under the head "Salaries" due or received from any other employer or employers during the tax year; (b) any loss under the head "Income from house property" for the same tax year; (c) any income chargeable under a head other than "Salaries" (not being a loss, other than the house-property loss in clause (b)) for the same tax year; and (d) any tax deducted or collected at source under Chapter XIX-B for the same tax year. (2) The person responsible for paying income under the head "Salaries" shall furnish to the payee a statement giving correct and complete particulars of perquisites or profits in lieu of salary and their value, using the relevant columns of Form No. 130 where the salary paid or payable for the tax year is not more than Rs. 1,50,000, or Form No. 123 where it is more than Rs. 1,50,000. (3) "Salary" for the purposes of this rule has the same meaning as given in rule 15.

Local extract SHA-256: 0913e3b99d0eed0f22ffca58b63478449f15bb943eb3730d8ff2152b83e727b3. This hash authenticates the local extract only; it does not certify that every amendment, table or Gazette footnote has been consolidated.

Rule map

Related sections

Use the title and official text to identify the governing section; no local section reference is asserted.

Related Forms

Form 122 Form 130

Finin2min implementation framework

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Consequence

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Official starting point
www.incometaxindia.gov.in

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