TDS


This query is : Resolved 

(Querist)
17 June 2010 Should Education Cess and Secondary education cess added to rate of 10% while deducting TDS on Interest on loan taken from individual by a company if the loan amount exceeds Rs.5000/-

Rasesh (Expert)
17 June 2010 As per current provisions, Ed Cess and sr ed cess is not be deducted.

17 June 2010 AGREE, NOW TDS IS DEDUCTIBLE ON BASIC RATES NO ED. CESS AND H. E. CESS


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