26 November 2009
Surcharge is withdrawn completely. but education and higher education cess is to be deducted while deducting tds on salary. in case of other payments edu cess and higher edu cess not to be considered for deducting tds
27 November 2009
Hi Gaurav, with due respect to above answers, surcharge on TDS for the Financial year 2009-10 is applicable only when the recipient is a foreign co. and the payment / credit subject to TDS exceeds Rs. 1 crore(rate of surcharge 2.5% of TDS). in no other case, surcharge is applicable during financial year 2009-10. education cess and secondary and higher secondary education cess is applicable in the following two cases 1. TDS from payment of salary 2. TDS from payment / credit (other than salary) to a nnon-resident or a foreign co. Regards, CA Shakuntala Chhangani
CAclubindia
