Dear Freinds,
can anyone give me excepmtion limit for surcharge on income tax for individual who has only salary income
one of my collegue is earning a taxable salary of Rs. 30,00,000/- p.a
should i calculate surcharge on income tax
thanx in advance
Dear Freinds,
can anyone give me excepmtion limit for surcharge on income tax for individual who has only salary income
one of my collegue is earning a taxable salary of Rs. 30,00,000/- p.a
should i calculate surcharge on income tax
thanx in advance
the surcharge is abolished on Individuals. Therefore the TDS is to be deducted without surcharge i.e. by 2.06 % even if the payment exceeds Rs. 10 lacs.
Finance Act 2009 has abolished surcharge on the individuals with effect from 01-04-2009 onwards so there is no need to deduct surcharge. So general slabs will be applicable.
Thanks sudhanshu i have this doubt a long time.
now cleared.
thanx all
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