TDS

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pradeep (Querist)
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10 February 2010 From 01/10/2009 Whether Surcharge and Education Cess is to be deducted while deducting Tax at Source on Salary payable to Director of a Company?
Please clarify!

Lalit

Lalit (Expert)
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10 February 2010 Yes, surcharge and education cess (as applicable) is to be deducted from salary while deducting TDS

Rahul Gupta

Rahul Gupta (Expert)
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10 February 2010 TDS is caluculated on the total amount of tax payable by the Employee and while Calculating tax liability, Surcharge and Edu cess is calculated on the Income Tax ..and the total amount is used for deducting TDS.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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10 February 2010 For the AY 2010-11 the surcharge is not applicable for individual so only E.cess need to considered in TDS

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