Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

TDS on Salary Including surcharge

Pankaj Arora (Learner) (3134 Points)

23 January 2018

Sir,

please advise whether we need to deduct TDS on salary including surcharge?

As per my understanding language written under section 192 is TDS deductible on estimated income tax.

Reply
Follow
Share

3 Replies

Pankaj Arora (Learner) (3134 Points)
Replied 23 January 2018

please reply..

Upgrade to CAclubindia Pro. Subscribe Now!

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177824 Points)
Replied 24 January 2018

"As per my understanding language written under section 192 is TDS deductible on estimated income tax."

Yes........ you are correct ......... but total tax liability includes cess and surcharge, wherever applicable....

Manjula Moorthy (Qualified CS CA Finalist) (209 Points)
Replied 24 January 2018

TDS U/s 192 has to be deducted at the average of income tax computed on the basis of rates in force during the financial year. The total tax to be deducted on the estimated income of the employee for the relevant financial year is divided the number of months of his employment. The amount so arrived is the monthly deduction of tax at source.