Surcharge

This query is : Resolved 

09 July 2013 WHY SURCHARGE IS NOT LEVIED ON INDIVIDUAL HAVING INCOME MORE THAN ONE CRORE?

09 July 2013 It will be levied from FY 2013-14 (AY 2014-15)

Surcharge: 10% of the Income Tax, where total taxable income is more than Rs. 1 crore.

For AY 2013-14 its NIL.

09 July 2013 THANK YOU.


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