A service provider submits his bill for Rs.100000/-. Let me know what amount of TDS I will have to deduct? Above Rs.20000/- income tax I will deduct @ 2% it comes Rs.2000/-. Should I deduct Surcharge and Education cess? If yes, at what are the rates of surcharge and education cess? kindly guide me.
Arabinda Deka
Dear Arabinda,
SC will attract only when his income Corsses Rs.1000000.00 otherwise only cess will be applied @ 3%
Thanks
Debashis
Eduction cess & Surcharge is abolised on tds in finiance bill 2009 W.E.F. 1-4-2009
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