While calculating TDS, surcharge is also considered if the payee is:

Related MCQs

• TDS u/s 194 in respect of dividend, if payee furnish PAN is:
• TDS U/s 193 in respect of interest on securities if payee does not furnish PAN is:
• While computing TDS on salary paid to employees, the losses given below to the applicable extent would be considered by the employer:
• Mr. Atul (aged 63), a resident Indian, paid for himself through account payee cheque, health insurance premium of Rs. 2,10,000 for 5 years in one lump sum on 28.03.2019. The eligible amount of deduction under section 80-D for the assessment year 2019-20 would be _______.
• Rate of surcharge applicable to a foreign company having total income of Rs. 8 crore is :
• When the total income of an individual exceeds Rs.50 lakhs, the surcharge is payable @
• In the case of a domestic company (turnover/gross receipts Rs. 70 crores), the basic rate of income-tax applicable for computing as per normal provisions would be ________, when the turnover of the company has been Rs. 45 crores in the previous year relevant to the assessment year 2017-18. (Note: Ignore surcharge, education cess, etc.)
• The maximum marginal rate of tax applicable for individual taxpayer having total income of Rs. 1.5 crore (including surcharge and health & education cess) is ________.
• When an individual non-resident has total income exceeding Rs. 50 lakhs, the amount of surcharge payable on income-tax would be _____________.
• As per section 271H, where a person fails to file the statement of tax deducted/collected at source i.e. TDS/TCS return on or before the due dates prescribed in this regard, then he shall be liable to pay penalty under section 271H. Maximum penalty that can be levied is ______.