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Former Member
Apr 21, 2008 at 07:22 AM

EWT with single tax code [J1INQEFILE]

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Dear All,

TDS is getting calculated like:

Vendor Invoice is made for Rs. 50,000. TDS rate is 10%, hence it is 5000. This TDS amount has Surcharge & Ecess. Now when we update the quarterly returns, TDS amount is splitted as below :

TDS Amount [10% on Base] = 4668.53

Surcharge [5% of TDS] = 233.43

Ecess amount [2% TDS & 2% of Surcharge] = 98.04

Please let me know how it has been calculated??

Thanks,

Malathi Reddy.