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About "SURCHARE"

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CA Trainee
70 Points Posted on 20 June 2007

   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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On 20 June 2007 at 09:50 Report
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Service
146 Points Posted on 21 June 2007
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
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On 21 June 2007 at 01:09
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Chartered Accountants
1054 Points Posted on 22 June 2007
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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On 22 June 2007 at 06:09


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