Surcharge and Education cess

Tax queries 2416 views 7 replies

Dear Experts,

           

         can you pls explain for my question.......

what are the effecting points to Surcharge and Education cess in the Budget 2009?

 

Thanks in adv

PRASAD

Replies (7)
  •  surcharge on personal taxation is removed
  • surcharge and cess need not be deducted when doing TDS.

  • Surcharge on income tax on partnership is removed.

No surcharge is payable on total income of Individual.

in case of TDS no surcharge or cess is required to be deducted.

now surcharge is levied only in case of companies ..!

In case of Foreign Remittance Education Cess to be collected and remitted.

is surchrge and cess aplicable while payiing salary??

Dear Hemant,

 

No surcharge on TDS on Salary/Advance Tax;

Edu Cess and Higher Sec Edu Cess is leviable.

 

Thanks

 

1. Surcharge is only applicable in case of payment to foreign company when payment is more than 1 crore.
2. Education cess is applicable only in case of Salary TDS and in case of payment to non-resident or foreign company.

regards,

ratan


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register