TMI BlogApplicability of Surcharge or Education CessX X X X Extracts X X X X X X X X Extracts X X X X ..... s Companies No surcharge or education cess shall be added. Any other assessee No surcharge or education cess shall be added to the prescribed rate of TDS. However, surcharge and education cess shall be added on the TDS on the salary. (surcharge @ 12% where taxable salary exceeds 1 crore) IN CASE OF NON- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or to be made to payee and which is subject to tax deduction during the Financial Year exceeds 1 crore); and Education cess of 3% in all cases. CLARIFICATION REGARDING TDS ON GST COMPONENT COMPRISED OF PAYMENTS MADE TO RESIDENTS CBDT has clarified through Circular No. 23/2017 that if GST on services has been indicated separately in the invoice, then no tax would ..... X X X X Extracts X X X X X X X X Extracts X X X X
|