TDS on Salary FY 2008-2009

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CPA Parveen Sharma (Querist)
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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...

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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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.

CPA Parveen Sharma

CPA Parveen Sharma (Querist)
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12 November 2009 thanks Sanjay for your help..

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Guest (Expert)

12 November 2009 in case of domestic company surcharge is applicable if payment exceeds 1 crore.

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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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.