Regarding surcharge

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vigneshiyer

vigneshiyer (Querist)
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06 October 2015 What is the surcharge rate for A.Y. 2016-2017

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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06 October 2015
Dear Vigneshiyer, Please mention type of assesssee .. you want to know???

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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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

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