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
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Surcharge on TDS u/s 192B
Replies (4)
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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