Schedule IV, Part B (6) of the Income Tax Act talks about the deduction of tax on contribution of superannuation fund paid to an employee during his life time.

According to the said provisions, tax on the amount so paid shall be deducted at the average rate of tax at which the employee was liable to tax during the preceding three years.

Please advice, how average tax would be calculated?

Thanks & regards
Deepika Bhardwaj

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