I draw your attention to Point e under “Certain essential points regarding the…..” in section 4.6.1 in the salary TDS circular for FY 2014-15.
This point seems to state that the total taxable income should be displayed, without it being rounded off to the nearest 10 rupees, in Form 24Q4 (annexure II) and tax should be calculated accordingly. Please see the example provided in the circular.
This seems to be in conflict with Section 288A which provides for rounding off of the total income to the nearest 10 rupees.
Also, the last sentence of Section 9.1 (d) in the same circular states that the income should be rounded off to the nearest 10 rupees. In other words, Section 9.1 (d) in the circular seems to be in conflict with Point e (in the same circular) referred to at the beginning of this post.
It would help if the Income Tax Department provides a clarification on this.