TDS : Exemption of Surcharge on Individual

This query is : Resolved 

07 July 2009 Hi

Kindly advice,

whether Exemption of Surcharge on Individual having income more than Rs. 10 lakh pa will impact applicability of Surcharge of 10% on TDS Limits as well, i.e, is we are paying 11,00,000.00 to an Individual under sec 194 C then in that case which rate we should apply 2.06 or 2.266?????

Thanks

07 July 2009 Hi,
As the surcharge is abolished on Individuals. Therefore the TDS is to be deducted without surcharge i.e. by 2.06 % even if the payment exceeds Rs. 10 lacs.

10 July 2009 Agree with Ratan


10 July 2009 Agree with Ratan

22 July 2009 No need to deduct the Edn. Cess as well except in case of TDS deduction on salary.



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