Menu
TDS
Is surcharge apply, if we deduct TDS for company deductees. or any limit for surcharge?
Replies (6)
Yes, it is applicable,,,,,
For individuals--- an amount in excess of Rs 10L.
Charge 10% on amount.
Add amount+ Surcharge MULTIPLY with 3% Cess.
Add all together, it will give you the amount.
Please mention catergory of assessee, then will accordingly give you rates applicable.
Hope u understood now,
Regards,
Amit
In company/Frms case 1crore
and in other case 10 lakh
for Surcharge in case of deducting TDS.
Surcharge applies at 10% for Individuals whose Gross Total Income exceeds Rs.10 lacs.
For firms and companies surcharge applies if their income exceeds Rs.1 crore.
Thanks Mr Amit. Now iam giving one example. for instance, we received a bill from ABC Pvt Ltd, and we go to deduct TDS on that bill. (Say bill amount is Rs.5000/- and it is for professional/consultancy reg)(194J). How much TDS we cut on that amount. Now my question is there any surcharge applied or not? please give me reply with illustration. Thank you.
It is advisable to deduct @ 11.33% . As you don't have any document with you to prove that ABC Pvt. Ltd., has taxable income of less than 1.00 crore
i thnik if the deuctor paying more than 1 crores for a company and payment to a individual above 10 lakhs the surchage is applicable and not the income of the deductee is to be considered, please check and tell me. in my mail id jagannathan @ vkcforex.com
Recent Topics :
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
Related Topics :
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
CCI
Pro
CAclubindia
