Comments on: Surcharge, Education Cess on TDS for A.Y. 2010-11 / F.Y. 2009-10

By: Hannan Raz

Hannan Raz — Mon, 19 Mar 2012 07:27:01 +0000

In case of salaried individuals, if TDS is present, what is the proceedure to calculate Education Cess and surcharge..???

By: admin

admin — Sat, 28 May 2011 01:19:53 +0000

Yearly

By: admin

admin — Sat, 28 May 2011 01:19:30 +0000

Its based on yearly

By: Sandip Kumar rana

Sandip Kumar rana — Fri, 27 May 2011 13:54:39 +0000

Sir……..
I want to know the Rent TDS exemptions limit is based on monthly or yearly

By: Sandip Kumar rana

Sandip Kumar rana — Fri, 27 May 2011 13:50:47 +0000

Sir………
This Sandip i want to know that TDS exemptions which was given in Chart that is based on monthly or Yearly…….

By: CHETAN.SONI@BKBTRANSPORT.COM

CHETAN.SONI@BKBTRANSPORT.COM — Thu, 24 Mar 2011 05:47:15 +0000

TDS on salary is calculated on estimated basis and distributed on monthly basis.
i.e. if u r a male citizen & your annual salary is Rs.15000*12 = Rs.180000, the tax shall be calculated on estimated annual basis, then distributed to 12 months.
i.e 180000-160000=20000 is the taxable salary, 20000*10%=2000+3%=Rs.2600 is annual tax.
Monthly tax is Rs2600/12 = Rs.217.
Thats it.

By: harmeet

harmeet — Tue, 29 Jun 2010 17:52:00 +0000

I have a small query.

Monthly TDS is deived from the (net tax payable- tax paid) divided by remaining months. Tax liability is calculated on TDS total taxable income. Education cess is calculated on the tax liabilty and then net tax payable is calculated.

Now for monthly calculation we are calculating the monthly TDS and education cess.

TDS amount will have Cess included in it. suppose for a month we override the value of TDS from actual 1030 to 800. in this education cess was 30. but since we havent change cess it was still 30.

I just wanted to know is it mandatory to have tds and cess ration fix every month in other words cess will always be equal to 3/103 of tds each month?

By: pankajq

pankajq — Mon, 31 May 2010 06:41:46 +0000

i work in a mnc and want to know the following things:

1) we have deducted TDS from salary on 05.03.10 but not yet deposited TDS in Bank. now what shall we do.

2) how can we divide tds of Rs. 18530/- in income tax and education cess. the above amount of tds is of salary.

By: Prateek Mukharejee

Prateek Mukharejee — Wed, 07 Apr 2010 11:48:43 +0000

education cess and surcharge will not applicable on tds.. i want to know the date from which it is applicable ?

By: Srikant Kumar

Srikant Kumar — Mon, 15 Mar 2010 07:20:45 +0000

From when E.Cess and H.E.Cess is not applicable on TDS on contrator/sub-contractor ? Is it from 1-4-2009 or 1-10-2010?

By: GM Raaj

GM Raaj — Wed, 24 Feb 2010 06:38:54 +0000

from when its applicable…

By: ravi

ravi — Sat, 13 Feb 2010 12:02:50 +0000

why education cess is impose?

By: G.GOSWAMI

G.GOSWAMI — Mon, 07 Dec 2009 09:38:46 +0000

Kindly inform the authority unde which no Education cess or SHEducess is applicable on TCS for the year 2009-2010.
Regards,
G.Goswami,
Kolkata
7.12.2009.

By: sujata

sujata — Fri, 04 Dec 2009 07:47:33 +0000

how the am of tds will be deposited if the deductee have no pan no

By: Sandeep Kanoi

Sandeep Kanoi — Tue, 01 Dec 2009 06:57:05 +0000

Cess is applicable.

By: YOGESH

YOGESH — Tue, 01 Dec 2009 03:54:34 +0000

is there surcharges and sur charges is applicable on tds on salary

By: ravindra bhati

ravindra bhati — Sat, 24 Oct 2009 10:52:16 +0000

we are getting Rs. 800/- + DA as conveyance allowance monthly. DA is exempt from i/tax if it has no retirement benefit. should i/tax be deducted on our conveyance allowance. please advise.

By: Virugan Pillai

Virugan Pillai — Mon, 19 Oct 2009 09:49:53 +0000

Is Non Deduction of TDS apply to all transporter? or it is limited for transporter defined in 44AE.

By: let me know the TDS payment

let me know the TDS payment — Thu, 15 Oct 2009 11:19:18 +0000

It is very helpful for students those who are studying CA,CS,ICWA

By: Sukant Kumar Sahoo

Sukant Kumar Sahoo — Wed, 14 Oct 2009 11:42:47 +0000

Please let me know the TDS rates and Ceducation Cess and H.Edu. Cess applicable or not.

Regards,
Sukant

By: Sandeep Kanoi

Sandeep Kanoi — Thu, 24 Sep 2009 01:13:57 +0000

You can check the new TDS rates after budget on the link given below:- http://www.taxguru.in/income-tax/post-budget-tds-tcs-rate-chart-and-provisions-applicable-from-01-10-2009.html

By: Sanjay Aggarwal

Sanjay Aggarwal — Wed, 23 Sep 2009 05:40:43 +0000

1.What rate % of tds in case if we
are a contractor / transporter and
payment to sub-contractor/transporter.

2.What rate % of tds in case if we
are a invidual/properietorship firm and payment to contractor/transporter

By: Sandeep Kanoi

Sandeep Kanoi — Tue, 08 Sep 2009 09:54:09 +0000

You have to deduct TDS at basic rate on TDS U/s. 194C & under section 194J.

By: praful

praful — Tue, 08 Sep 2009 07:58:45 +0000

From 01/10/2009 while deducting tds u/s 194 C or J for payments made to individual or company whether we have to deduct tds on basic pay plus cess 3% or only on basic?

By: Sandeep Kanoi

Sandeep Kanoi — Mon, 07 Sep 2009 12:01:23 +0000

It was provided in finance act 2009 i.e. budget.

By: Gaurav

Gaurav — Mon, 07 Sep 2009 05:51:17 +0000

I have checked the notification on I.T. site but no such notification found. Can u pls provide the supportive link regarding this circullar…which u relese in ur site…..if u can pls provide to all the subscribers….by that all can be updated with it….

By: Sandeep Kanoi

Sandeep Kanoi — Thu, 03 Sep 2009 00:21:03 +0000

You can see the finance act it was provided in finance act 2009.

By: Sandeep Kanoi

Sandeep Kanoi — Thu, 03 Sep 2009 00:10:00 +0000

Foe Non Salary payment to resident Assessee with effect from 01.04.2009 only basic need to be deducted.

By: harsha

harsha — Wed, 02 Sep 2009 19:52:27 +0000

Sir,

wef 01-10-09 while deducting tds on u/s 194 C/J/H/A/I for payments made to individual or company whether we have to deduct tds basic + cess 3%
or
only basic?

By: Sandeep Kanoi

Sandeep Kanoi — Wed, 02 Sep 2009 07:31:19 +0000

It was provided in budget only.

By: Sandeep Kanoi

Sandeep Kanoi — Wed, 02 Sep 2009 07:19:53 +0000

No surcharge and cess is to be added from 01.04.2009 on tax deducted on non-salary payments made to resident taxpayers.

By: Jyoti somaiya

Jyoti somaiya — Wed, 02 Sep 2009 06:29:04 +0000

Pls clarify with effect from which date??

By: Sanjay

Sanjay — Wed, 02 Sep 2009 05:04:21 +0000

Request to share relevant notification / link of the notification.

Thanks

Sanjay

By: Vivek Gupta

Vivek Gupta — Wed, 02 Sep 2009 04:57:31 +0000

Hi,

Can I get any base documents that Surcharge and education cess is not applicable as mentioned in the post.

Regards

By: gautam bhansali

gautam bhansali — Wed, 02 Sep 2009 04:56:42 +0000

TDS rate include TCS or Sucharge and ED is applicable on TCS for A.Y. 2010-11?
TDS flat rate is applicabel on 01.04.2009 or 01.10.2009?

By: manisha

manisha — Wed, 02 Sep 2009 04:49:58 +0000

when it is applicable ? w.e.f 19th Aug / 1st ocotber