Marginal Relief

Direct Taxation

In the illustration 2 point d we have calculated surcharge @25% on point c Here the slab rate of surcharge is between 1cr-2cr is 15%.Why did we take 25% or should we constantly take 25 % irrespective of the slabs

sai krishna teja

CA Inter

★ 940

12-Jun-20 08:53

729

Answers (1)

Surcharge on point C is 25% because we are calculating tax on Total Income of 5cr, for individual whose income is between 2cr to 5 cr then Surcharge rate is 25%.

KEERTHI PRIYA

CA Inter

★ 695

12-Jun-20 14:37