Taxpayers with Short Deduction of TDS Post Surcharge Hike in FY20 to Pay up Before Filing ITR: CBDT

The 2019-20 Budget, which was presented on July 5, 2019, had hiked surcharge to 25 per cent for those with income of Rs 2 crore to Rs 5 crore and to 37 per cent for those with income above Rs 5 crore. The rate of surcharge was 15 per cent earlier.

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