HI FRNDS PL.TELL ME WHT IS MARGINAL RELEIF.
I HAV NOT UNDERSTOOD FROM STUDY MATERIAL
THNX A LOT.
AKSHIT MALHOTRA (C.A Final Student) (1337 Points)
12 October 2011HI FRNDS PL.TELL ME WHT IS MARGINAL RELEIF.
I HAV NOT UNDERSTOOD FROM STUDY MATERIAL
THNX A LOT.
SAHIL
(Chartered Accountant/ CFP / B.com(AF)/ NCFM)
(760 Points)
Replied 12 October 2011
Hi Aksh*t....... See when ur income exceeds 1 crore............then the tax (including surcharge, cess etc) payable on it shall be restricted to :
Tax on Rs. 1 crore + ( total income - 1 crore)
U can check it by taking example..........say income of Rs. 1,02,00,000.......
this is marginal relief excellent calculator, try to understand from this.
https://taxbykk.blogspot.com/2011/07/computation-of-tax-of-domestic-company.html
AKSHIT MALHOTRA
(C.A Final Student)
(1337 Points)
Replied 12 October 2011
THNX A LOT SAHIL & KAUSHAL SIR.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
