Your employer is responsible to deduct income tax from your salary. The income tax calculation is affected by factors such as: income other than salary, house rent, investment in certain funds, housing loan interest, and so on.
In the beginning of a financial year, you have to make declarations to the employer on, what investments you intend to make, the rent you intend to pay for the year, the expected income from sources other than salary and so on. The employer uses this information to calculate your income tax more accurately.
To view Income Tax declarations, follow these steps: