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Surcharge on TDS

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2011 sir

plz help can u charge the Surcharge & cess while deducting TDS on payment of Interest.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 January 2011 No surcharge & e.cess applicable for TDS on interest
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CA. Praveen Narayan

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CA. Praveen Narayan (Expert)
17 January 2011 Hi Dear.. applicability of cess & surcharge

a) Surcharge:

1 No Surcharge on TDS in case of payment is made to Resident or Domestic Company

2 No Surcharge on TDS in case of payment is made to Non Resident other than Foreign Company

3 2.5% Surcharge on TDS if the recipient is a foreign company and amount exceeds Rs. 1 Crore.

b) Education Cess

1 No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary]

2 3% cess on TDS in case of Salary

3 3% cess on TDS in case of payment is made to Non Resident

So chargeabilty of cess n sc depends on type of recipient..
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