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tds deduction- threshold limit

This query is : Resolved 
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(Querist)
01 February 2008 firm tds on contractors limit 1000000/- over for the month dec'07.

In previous tds rate 2.06 deducted. From Jan'08 onwards 2.266 deducted (with surcharge).

In present month bills deducted tds with surcharges, in previous bills also changed with surchage (2.06 instead of 2.266)

my query is total bills effected 2.266 or above 10laks bills only?

please sir
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Sohil Ganeriwala

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Sohil Ganeriwala (Expert)
01 February 2008 If the total payments or amount credited to the concerned party exceeds 10laks in a year than surcharge has to be taken on it.
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Jitender

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Jitender (Expert)
02 February 2008 total bills amounts to 2.266% tds
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