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Income Tax Slab Rates & Surcharge

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08 July 2009 Income Tax Surcharge on individual removed in Budget: - Should we stop deducting Surcharge from the Salaries of Employees from the month July, 09. Whether to show the Surcharge already deducted in the eTDS Return to be filed on 15th July, 09 for the period April to June, 09.
From which Finalcial year the Basic Exemption of Rs. 1,60,000/- will be allowed?
Form F Y 2009-10 or From F Y 2010-10?
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MAHENDRA KUMAR BAGRECHA

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MAHENDRA KUMAR BAGRECHA (Expert)
08 July 2009 If you have already deducted TDS considering surcharge, you should show it in eTDS return. this limit will be applicable for the FY 09-10.
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