applicability of Edu. & hig. edu.cess on tds rates.

govind purohit (Article Student.) (55 Points)

07 November 2009

whether tds should be deducted on the basic tds rates or basic + edu.cess........

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5 Replies

vivek n shenoy (PRACTICE) (25 Points)
Replied 07 November 2009

From 01/10/2009 surcharge and education cess is to be applied only for TDS on Salary u/s 192..

CA Ghanshyam Joshi (CA, Dip IFR (ACCA UK)) (3229 Points)
Replied 08 November 2009

Not only on salary payment but also if payment made to companies.

FATEMA (CHARTERED ACCOUNTANT) (719 Points)
Replied 09 November 2009

TDS has to be deducted only at basic rates for companies,firms,individuals,HUFs and Co-operative society.

TDS on salary to be deducted at slab rates as given u/s 192

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 10 November 2009

Also no surcharge to be deducted u/s 192 as the same has been scrapped

Nagesh Krishnappa (Accountant) (23 Points)
Replied 18 November 2009

please inform me to the percentage of TDS to be collected for a subcontractor (Gysum subcontract) before 1.10.2009 and after 1.10.2009

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