TDS
This query is : Resolved
Ashraf Ali
(Querist)
16 July 2010
Is education cess has been taken off while deducting tds
Ram Avtar Singh
(Expert)
16 July 2010
Yes
Message likes :
1 times
Abuzar Azmi
(Expert)
16 July 2010
There is no cess in TDS now.
Message likes :
1 times
Ashraf Ali
(Querist)
16 July 2010
may i know the exact date from which the educaiton cess on tds removed
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
.
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
.
Message likes :
1 times
16 July 2010
yup... NO Edu. cess
except in case of salary and foreign company or non-resident...
except in case of salary and foreign company or non-resident...
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