Surcharge - Limit for tds, Income Tax

[Sujit]

In case of a company whose income will be less than rs. 1 cr for AY 2007-08 & inividuals whose income will be less than 10 lacs, no surcharge is applicable on TDS.But how the deductor will ascertin the same.please tell the procedure,rules etc. Thanks

Posts / Replies

[Sanjeev Sharma]

Deductor will ascertain on the basis of total amount paid/ payble by him to the dedcutee during the year . If the amount payble by the deductor to deductee during the year is more than above mentioned limit than the deductor has to add 10% surcharge also.

[Sujit Talukder]

Someone please reply