TDS on Salary FY 2008-2009
This query is : Resolved
12 November 2009
Hi All, just a simple question... Surcharge and Edu cess is not applicable upto 10lac in regard of salary for the FY 2009-10..i mean threshold limit for Surcharge and Education cess is 10k ..correct ? and in other case other than salary threshold limit is 1 crore for Surcharge and edu cess...Thanks in advance...
12 November 2009
For FY 2009-10 No surcharge is there on Salary Income but education cess is there.this is for any taxable salary and there is no threshold limit for this.
However surcharge is applicable for than 1 crore payment to Non - domestic Company alogwith edu cess.
Foe payment < 1 crore to non domestic company and payment of any amount to non resident non corporate person only education cess is applicable and there is no surcharge.
Cess is 2+1= 3% in all cases.
However surcharge is applicable for than 1 crore payment to Non - domestic Company alogwith edu cess.
Foe payment < 1 crore to non domestic company and payment of any amount to non resident non corporate person only education cess is applicable and there is no surcharge.
Cess is 2+1= 3% in all cases.
12 November 2009
thanks Sanjay for your help..
Guest
Guest
(Expert)
12 November 2009
in case of domestic company surcharge is applicable if payment exceeds 1 crore.
12 November 2009
Agree with Rakesh, Surcharge is 1 % for domestic company and 2.5% for foreign company,
But the heading of the question is about TDS and even for payment over 1 crore to domestic company surchagre will not be added to TDS rate.
But the heading of the question is about TDS and even for payment over 1 crore to domestic company surchagre will not be added to TDS rate.
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