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vinod rajpal (Querist)

27 February 2009 Hello.There is an example one person earns net taxable salary of 1025810, which is liable for 10 % surcharge. I have calulated his total tax liability as :
tax on 1025810 212743
+10% sur 21274
+edu cess 3% 7021

Totaltaxliability will be 241038.

I want to know whether it is right or not & is there some relief in surcharge or there is some term called as marginal surcharge.

VISHAL KUMAR SHAW

VISHAL KUMAR SHAW (Expert)

27 February 2009 if the income range is between 10lakhs to 1030590/- then marginal relief is applicable hence in your case marginal relief will be applicable.
The tax payable will be as follows:
Tax on 10 lakhs= 205000/-
add: income exceeding 10 lakhs= 25810/-
total 230810/-
cess @3% 6924/-
tax payable 237734/-

hope your purpose is solved.

vinod rajpal

vinod rajpal (Querist)

10 March 2009 Thank You

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