Meaning of income for the purpose of surcharge

CAJ (Proprietor) (74 Points)

29 July 2014  
For A.Y. 2005-06 an individual whose total income exceeds 8.5 lcas is liable to pay surcharge. There is an assessee whose Gross Total Income is above 8.5 lacs but Net Income after deductions under Chapter VI falls below the said limit. Is surcharge applicable in his case?