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Surcharge on salary

Vijju (Finance Dept) (54 Points)

20 October 2009

Hi all

I need some information about surcharge applicable on salary

recently I heard that the surcharge on salary slashed

i would like to know the present status

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5 Replies

Sorabh Gupta (Manager ( Taxation )) (877 Points)
Replied 20 October 2009

Dear Vijju

No there is surcharge on salary. payment..........but no surcharge on TDS .........................

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Vijju (Finance Dept) (54 Points)
Replied 20 October 2009

sorry

i am not getting you

TDS on salary + if salary exceeds 10 lakhs surcharge applicable

is it correct or not

Ratan Deep Saxena (Asstt Manager (Accounts & Finance)) (2998 Points)
Replied 20 October 2009

1. Surcharge is only applicable in case of payment to foreign company when payment is more than 1 crore.
2. Education cess is applicable only in case of Salary TDS and in case of payment to non-resident or foreign company.

regards,

ratan

Sorabh Gupta (Manager ( Taxation )) (877 Points)
Replied 20 October 2009

Vijju

Oops....there is mistake in my above message....yes no surcharge on salary payment........

Deeps (Article Assisstant) (2485 Points)
Replied 20 October 2009

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