TDS (please take care of following things before deducting TDS)

Please 2 take care while deducting TDS
From 1st April 2009 we have to not levy surcharge,Edu Cess and Secondary Edu cess on TDS deducted

as mentioned in finance bill

"With the view of rationalizing the scheme of TDS, the bill has proposed that surcharge,Educational cess and secondaryt educational cess will not be levied on TDS/TCS in case of domestic company or any other person in india."

However both the cess will continue apply on TDS in case of
1.salary payment
2.company other than domestic co,(including surcharge of 2.5%)

 

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