TDS

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03 August 2009 On TDS rate chart there are limits like compny>1 crore then this rate etc.These limits specify actually what?

03 August 2009 Actually it shoes the diffrence of surcharge. There is surcharge on companies having profit of more then Rs. 1cr, so rate of tds also change because of surcharge on these companies. Companies having less then 1 cr profit does not have sucharge, so rates are different for them.

04 August 2009 thank u .actually i heard very different opinions about that limit.


04 August 2009 Just to suppliment, Surcharge & Cess has been removed from TDS provisions wef 01.04.09 except TDS deducted from non residents.

EC needs to be deducted on TDS on salaries.



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