Surcharges
This query is : Open
k.b.nagesharao
(Querist)
27 August 2020
there is income tax payable for year ending 31.03.2021 is 4657850/. on which i have to pay surcharges +cess..
my query is weather i have to compute surcharges at 25% on entire amount or 15% up to 2 crores and on balance @25%
kindly explain. as it is urgent please give your valuable subjection.
thanks in advance
K.B.Nagesha rao
9448826793
my query is weather i have to compute surcharges at 25% on entire amount or 15% up to 2 crores and on balance @25%
kindly explain. as it is urgent please give your valuable subjection.
thanks in advance
K.B.Nagesha rao
9448826793
CA Ankith Jain
(Expert)
28 August 2020
No, surcharge will be on the whole amount i.e 25% of 4657850.
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