TDS

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Ashraf Ali

Ashraf Ali (Querist)
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16 July 2010 Is education cess has been taken off while deducting tds

Ram Avtar Singh

Ram Avtar Singh (Expert)
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16 July 2010 Yes

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Abuzar Azmi

Abuzar Azmi (Expert)
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16 July 2010 There is no cess in TDS now.

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Ashraf Ali

Ashraf Ali (Querist)
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16 July 2010 may i know the exact date from which the educaiton cess on tds removed

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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16 July 2010
Undermentioned provisions are applicable for Financial Year 2009-10 (A.Y. 2010-11) and w.e.f. 01.04.2009.

1. Surcharge:

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

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

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

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

3% EC and SHEC (2% + 1%) on TDS in case of Salary

3% EC and SHEC (2% + 1%) on TDS in case of payment is made to Non Resident

form 1st APirl 2009
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