Regarding surcharge
This query is : Resolved
vigneshiyer
(Querist)
06 October 2015
What is the surcharge rate for A.Y. 2016-2017
CA Kumar Mukesh
(Expert)
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
