08 July 2009
Income Tax Surcharge on individual removed in Budget: - Should we stop deducting Surcharge from the Salaries of Employees from the month July, 09. Whether to show the Surcharge already deducted in the eTDS Return to be filed on 15th July, 09 for the period April to June, 09. From which Finalcial year the Basic Exemption of Rs. 1,60,000/- will be allowed? Form F Y 2009-10 or From F Y 2010-10?
08 July 2009
If you have already deducted TDS considering surcharge, you should show it in eTDS return. this limit will be applicable for the FY 09-10.
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