Tax
Querist : Anonymous
PL.DO STEP WISE
(Tax=10100000*30%=3030000
Add surchare: 303000
Total=33,33,000)
Step2:calculate tax on 1core
(tax=1core*30%=30lac)
Step3:calculate amount in excess of 1 crore(here 1.01-1=1lac)
Step4:verify the difference between step1-step2
if the difference(step1-step2)more than the step 3 then marginal relief available other wise no.(here 3333000-3000000=333000AND step3 is 100000,hence difference is higher than the step3 hence marginal relief is available)
step4::marginal relief =Step4(i.e step1-Step2)-step3
(333000-100000=233000)
tep5:tax liability =step1-step4
Add education cess and shec
Querist : Anonymous
BUT I THINK U HAVE ASSUMED SURCHARGE =10 %
PL. TELL ME ABOUT IT.
Click here to login now
- 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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
