Surcharge and cess apply only to rates-in-force deductions, while fixed TDS and TCS rates remain complete rates. Fixed statutory TDS and TCS rates are complete rates, and no surcharge or Health & Education Cess is added. Where tax is deductible at rates in force, the ... Summary
Surcharge and cess apply only to rates-in-force deductions, while fixed TDS and TCS rates remain complete rates.
Fixed statutory TDS and TCS rates are complete rates, and no surcharge or Health & Education Cess is added. Where tax is deductible at rates in force, the applicable rate is determined under the relevant Finance Act and may include income-tax, surcharge and Health & Education Cess. A beneficial Double Taxation Avoidance Agreement rate applies where its conditions are met. Health & Education Cess is levied at 4% on income-tax plus applicable surcharge in rates-in-force cases.
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