TDS Rate applicable (pls reply urgent)

from 01.10.2009 its 10%

earlier it was 10.3%

Mr. Amir is right, w.e.f. 01/10/2009, SC abd E.Cess is not applicable.

Thank you very much........

now my doubt is clear regarding Ed. Cess, Sec & Higher Cess. that it is abolished w.e.f 01/ 10/2009..

Thanks,

Varun Arora

On 19th August,2009 there was one amendment stating that Surcharge & education cess on any TDS is abolished from 1.4.2009 onwards. So all kinds of TDS deductions have flat rates only ( without SC &EC )from 1.4.2009. For verification, go to tally.erp9 and see the statutory informations. It will give u the same rates what i am talking here.

According to me Surcharge is abolished from TDS from 01.10.2009 but EDU CESS AND SHEC ARE ABOLISHED FROM PROSPECTIVE EFFECT FROM 01.04.2010...plz refer to memorandum finance bill as issued by income tax department.............

Ur Frnd-Archit

Archit amir is right it is abolished from 1.10.2009

Dear Si

Pls tell me full detail related Tds & Vat    Service Tax,CST  rete return with example

Correct!!!

 Now Surcharge & Cees is write off. Rate applicable for commission & Brokerage is 10% from 01.10.2009 notificiation Date 01.07.2009

Mr. Amir is right