TDS/ TCS Rate Chart Fy 10-11

Originally posted by : CA Navin Jain
	THANKS FOR SHARING WITH US

I have a fixed deposit with a bank which is subject to TDS.The bank informed me (subsequently given a TDS certificate also) deducting only 10% without deducting education cess.On enquiry they told me that their H.O has directed them that only 10% need to be deducted & there is  no need to  deduct tax.Are banks exempted from deducting education cess or the TDS includes education cess also?I will be greatefull if can clarify.

S.Sureshkrishnan-Articled assistant

Originally posted by : CA Navin Jain
	THANKS FOR SHARING WITH US

I have a fixed deposit with a bank which is subject to TDS.The bank informed me (subsequently given a TDS certificate also) deducting only 10% without deducting education cess.On enquiry they told me that their H.O has directed them that only 10% need to be deducted & there is  no need to  deduct tax.Are banks exempted from deducting education cess or the TDS includes education cess also?I will be greatefull if you can clarify.

S.Sureshkrishnan-Articled assistant

Very very thank Sir,               Who can collect the tcs what is the limit for collection of tcs?

Originally posted by : vikash
	Very very thank Sir,               Who can collect the tcs what is the limit for collection of tcs?

All you want to know about TDS

See above article.

this is a very good

sanjay sir.

 for tds deduction in salaries basic salary or gross should be deducted for verifying thresold limit

thank you sir, nice information......