HI My self arun........doing articalship.....
i wanna know about SURCHARGE in income tax.........
when surchare is nil....... or simply how it is computed.....
please help me......
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About "SURCHARE"
Replies (2)
Hello,
You are an artilced clerk, why afraid to talk to ypur principal ?
Any ways, check up instructions page on any of the new I TReturns and you will find your answer.
Bye for now.
Jayant Shaligram
Hi Arun,
A surcharge is calculated on income tax which is computed as per slab rates of income tax. It is of 10 per cent of the total tax liability is applicable where the total income exceeds Rs 1,000,000.
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