TDS QUERY

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This query is : Resolved

k suresh babu (Querist)

19 October 2009 FROM OCT2009 IS TDS VARIOUS SECTIONS CHANGES . IT IS APPLICABLE FOR EDUCATION CESS IS DEDUCTBLE OR NOT .

BEFORE SEP'09 IS DEDUCT EDUCATION CESS 3%
AFTER OCT'09 IS TDS AGAINST EDUCATION CESS APPLICABLE OR NOT. PLEASE REPLY

CA Gangadhar Mishra

CA Gangadhar Mishra (Expert)

19 October 2009 from 01.10.2009 the TDS general rates are applicable excluding EC & HEC, where as for TDS on salary you have to take EC+HEC along with the tax.

Taranjit Singh

Taranjit Singh (Expert)

19 October 2009 No surcharge and cess on tax deducted on non-salary payments made to resident taxpayers.so now onwards(Tax should be deducted on Basic rate only given in respective section.No education cess or Surcharge is to be deducted except in the case of salary where Tax should be deducted after including the Education cess.Surcharge on individual and HUF assessee has already been abolished for full year fy 2009-10.

SHIVRATAN SHARMA

SHIVRATAN SHARMA (Expert)

19 October 2009 No surcharge and cess is to be added from 01.04.2009 on tax deducted on non-salary payments made to resident taxpayers.It means that Surcharges & cess is not be included in basic TDS rates ,while deduction tds , in case of payments to resident person/domestic company only .So in case of payment to Non resident and non -domestic company surcharge and Cess is also to be included while calculating TDS amount

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