Surcharge
This query is : Resolved
21 May 2019
Respected Sir, what is the limit of income for the Ay 19-20 when surcharge on income tax has to be paid and what is the formula ?
22 May 2019
1) Individuals
* 10% if taxable income is in between 50 to 100 lakhs.
* 15% if taxable income exceeds 100 lakhs.
2) Partnership firms / Co-Op Societies
* 12% if taxable income exceeds 100 lakhs.
3) Companies
* 7% if taxable income is in between 100 to 1000 lakhs.
* 12% if taxable income exceeds 1000 lakhs
* 10% if taxable income is in between 50 to 100 lakhs.
* 15% if taxable income exceeds 100 lakhs.
2) Partnership firms / Co-Op Societies
* 12% if taxable income exceeds 100 lakhs.
3) Companies
* 7% if taxable income is in between 100 to 1000 lakhs.
* 12% if taxable income exceeds 1000 lakhs
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- Gift Received from nonblood relative
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Reprocessing of rectification order AY 2025-26
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
