what is the limit for surcharge on taxable income
This query is : Resolved
03 September 2008
Sir,
Please clarify when surcharge of 10% is calculated on income tax.
what is the basis for deduction? whether it is on the basis of taxable income exceeds 10 lac p.a. (or) after deduction of exemption limit of Rs1.50 lac from taxable income.
thanking you,
MTNI
Please clarify when surcharge of 10% is calculated on income tax.
what is the basis for deduction? whether it is on the basis of taxable income exceeds 10 lac p.a. (or) after deduction of exemption limit of Rs1.50 lac from taxable income.
thanking you,
MTNI
03 September 2008
individual /huf- in excess of 10 lac
co /firm - when taxable income exceeds 1 crore.
co /firm - when taxable income exceeds 1 crore.
03 September 2008
Yes, Jitender is right
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
- Error whilst validation
- Required to submit form 10IEA_fy 24-25
- TDS deducted in different section but Deposited in a Single section via Single challan
- SEA GOING ALLOWANCE
- Form 15G eligibility for individuals
- TDS whether applicable or not in case of Flat purchase
- Transfer of rectification rights to ao
- Which ITR application
- SFT Mismatch
- Treatment of Profit on sale of fixed assets
- Higher deduction claimed in ITR
- Error in Set off of current year capital gain with Previous year capital loss
- RCM on affiliation fees paid to foreign educational institution
- ITR2 Not Validating Short Term Capital Loss as value less than zero
- E proceeding query u/s 143(2) for a.y. 24.25
- REQUEST FOR HELP IN TALLY THE BALANCE SHEET
- CHANGE IN PARTICULARS OF DIRECTOR
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
Trending Online Classes
CAclubindia
