Regarding surcharge
This query is : Resolved
06 October 2015
What is the surcharge rate for A.Y. 2016-2017
06 October 2015
Dear Vigneshiyer, Please mention type of assesssee .. you want to know???
Dear Vigneshiyer, Please mention type of assesssee .. you want to know???
20 July 2025
For the Assessment Year (AY) 2016-17, the surcharge on income tax was as follows:
Individuals, Hindu Undivided Families (HUFs), Association of Persons (AOPs), and Body of Individuals (BOIs): A surcharge of 12% on the income tax payable if the total income exceeds ₹1 crore.
Partnership Firms (including Limited Liability Partnerships - LLPs): A surcharge of 12% on the income tax payable if the total income exceeds ₹1 crore.
Domestic Companies:
A surcharge of 7% on the income tax payable if the total income exceeds ₹1 crore but does not exceed ₹10 crore.
A surcharge of 12% on the income tax payable if the total income exceeds ₹10 crore.
financefriend.in
Additionally, a 3% education cess (comprising 2% education cess and 1% secondary and higher education cess) was applicable on the income tax and surcharge combined.
Income Tax India
+3
financefriend.in
+3
BCAS
+3
Please note that the surcharge rates were revised in the Union Budget 2016. Prior to the budget, the surcharge was 10% for individuals with income exceeding ₹1 crore. The budget increased this to 12% to tax the super-rich more heavily
Individuals, Hindu Undivided Families (HUFs), Association of Persons (AOPs), and Body of Individuals (BOIs): A surcharge of 12% on the income tax payable if the total income exceeds ₹1 crore.
Partnership Firms (including Limited Liability Partnerships - LLPs): A surcharge of 12% on the income tax payable if the total income exceeds ₹1 crore.
Domestic Companies:
A surcharge of 7% on the income tax payable if the total income exceeds ₹1 crore but does not exceed ₹10 crore.
A surcharge of 12% on the income tax payable if the total income exceeds ₹10 crore.
financefriend.in
Additionally, a 3% education cess (comprising 2% education cess and 1% secondary and higher education cess) was applicable on the income tax and surcharge combined.
Income Tax India
+3
financefriend.in
+3
BCAS
+3
Please note that the surcharge rates were revised in the Union Budget 2016. Prior to the budget, the surcharge was 10% for individuals with income exceeding ₹1 crore. The budget increased this to 12% to tax the super-rich more heavily
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