MARGINAL RELIEF!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This query is : Resolved
07 August 2007
FOR A WOMEN RESIDENT ASSESSEE UPTO WHAT EXTENT IS THE MARGINAL RELIEF APPLICABLE?
IF SHE HAS A SALARY INCOME FOR WHICH SHE WOULD BE ELIGIBLE FOR MARGINAL RELIEF AND FURTHER BECAUSE OF THE CAPITAL GAINS IF HER INCOME JUST CROSSES THE MARGINAL RELIEF BORDER THEN HOW TO GO ABOUT COMPUTING THE TAX FOR THE SAME ASSESSEE?
IF SHE HAS A SALARY INCOME FOR WHICH SHE WOULD BE ELIGIBLE FOR MARGINAL RELIEF AND FURTHER BECAUSE OF THE CAPITAL GAINS IF HER INCOME JUST CROSSES THE MARGINAL RELIEF BORDER THEN HOW TO GO ABOUT COMPUTING THE TAX FOR THE SAME ASSESSEE?
08 August 2007
Marginal relief concept is based on total income and not based on individual head.
You have to compute surcharge If her Gross total income exceeds 10,00,000.
You have to compute surcharge If her Gross total income exceeds 10,00,000.
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