03 September 2009
Concept of Marginal relief and Interest u/s 234 A,B,C are two different things. Marginal relief means relief given in terms of tax laibility on the reason of earning little bit more. say for ex. if your earning is 9,99,000 then there is no surcharge but if it was 1000100 then there is surcharge of 10% , by way of earning 1100 more your tax liability has been increaseh to the extent of surcharge(say Rs. 5000) The concept say that by earning 1100 more if i have to pay Rs. 5000/- then just take Rs. 1100 and give the relief of Rs.3900/- this difference is marginal relief.
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