We all well know that surcharge rates applicable to Individual/ HUF/ AOP/ BOI/Artificial juridical persons under Income Tax Law are: Up to Rs. 50,00,000 - Nil Rs. 50,00,001 to Rs. 1,00,00,000 - 10% Rs. 1,00,00,001 to Rs. 2,00,00,000 - 15% Rs. 2,00,00,001 to Rs. 5,00,00,000 - 25% More than Rs. 5,00,00,000 - 37% (Budget 2023 - proposed it as 25%) However, If Total Income Includes dividend income and capital gains chargeable to tax u/s 111A and 112A, then the surcharge rate on su
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