07-05-2011, 07:12 PM
3. APPLICATION OF 15% Surcharge on payable income tax
a) Salaried Persons â Deduction u/s 149
The employers will deduct the 15% surcharge on the income tax payable
on portion of the <b>salary pertaining to the period starting from 15th March
2011 to 30th June 2011. </b>
b) Other Withholding Tax
All withholding agents will deduct 15% surcharge on the <b>income tax
payable on payments from 15th March 2011 to 30th June 2011.[b]
c) Advance Tax Payment u/s 147
The tax u/s 147 due from [b]15th March 2011 to 30th June 2011.</b>
4. Time of Payment of 15% Surcharge on payable income tax
15% surcharge on payable income tax must be deposited at the time of
deposit of the tax.
a) Salaried Persons â Deduction u/s 149
The employers will deduct the 15% surcharge on the income tax payable
on portion of the <b>salary pertaining to the period starting from 15th March
2011 to 30th June 2011. </b>
b) Other Withholding Tax
All withholding agents will deduct 15% surcharge on the <b>income tax
payable on payments from 15th March 2011 to 30th June 2011.[b]
c) Advance Tax Payment u/s 147
The tax u/s 147 due from [b]15th March 2011 to 30th June 2011.</b>
4. Time of Payment of 15% Surcharge on payable income tax
15% surcharge on payable income tax must be deposited at the time of
deposit of the tax.
