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Surcharge
Direct Taxation
Why surcharge is levied on the income below the threshold limit.
Answers (5)
Best Answer
Sugam SM
Surcharge is nothing but tax on tax. If surcharge tax exceeds the additional income then surcharge is restricted to income and then the diff there is treated as marginal relief
Why won't surcharge amount to double taxation
Pantham Nagesh
Surcharge is levied only if total income greater than 50 lakhs
Why it is levied on total income? Marginal relief is given if surcharge is more than the amount above the threshold limit
Thread Starter
N.GokulnathWhy it is levied on total income? Marginal relief is given if surcharge is more than the amount above the threshold limit
Surcharge is nothing but tax on tax. If surcharge tax exceeds the additional income then surcharge is restricted to income and then the diff there is treated as marginal relief
Thread Starter
N.GokulnathWhy won't surcharge amount to double taxation
Surcharge is not tax on already taxed income by different authorities, it is additional amount charged by same authority as % on tax if the income is more than the threshold amount
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