Surcharge on TDS

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Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2011 sir

plz help can u charge the Surcharge & cess while deducting TDS on payment of Interest.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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17 January 2011 No surcharge & e.cess applicable for TDS on interest

CA. Praveen Narayan

CA. Praveen Narayan (Expert)
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17 January 2011 Hi Dear.. applicability of cess & surcharge

a) Surcharge:

1 No Surcharge on TDS in case of payment is made to Resident or Domestic Company

2 No Surcharge on TDS in case of payment is made to Non Resident other than Foreign Company

3 2.5% Surcharge on TDS if the recipient is a foreign company and amount exceeds Rs. 1 Crore.

b) Education Cess

1 No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary]

2 3% cess on TDS in case of Salary

3 3% cess on TDS in case of payment is made to Non Resident

So chargeabilty of cess n sc depends on type of recipient..

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