Suresh (Senior Tax Consultant) (37 Points)
24 January 2011Dear All,
My client have received Intimation for AY0910. I don't know how they calculated Marginal relief thereof.
Please explain me how this figures arrived.
AY0910- Male assessee
| Net Income | 1015030 | |
| tax | 209509 | |
| add: Surcharge | 20950 | |
| less: marginal relief | 9024 | 11926 |
| Add: Cess | 6643 | |
| Total Tax | 228078 |
Pankaj Arora
(Learner)
(3134 Points)
Replied 24 January 2011
| Originally posted by : Suresh | ||
 |
Dear All, My client have received Intimation for AY0910. I don't know how they calculated Marginal relief thereof. Please explain me how this figures arrived. AY0910- Male assessee Net Income 1015030 tax 209509 add: Surcharge 20950 less: marginal relief 9024 11926 Add: Cess 6643 Total Tax 228078 |
 |
Before Margin Relief
Net Income 1015030.00
Tax 209509.00
Surcharge 20950.00
Cess 6913.00
Total Tax 237372.00
After Margin Relief
Net Income 1015030.00
Tax 209509.00
Cess 6285.00
Income More than 10L 15030.00
Total tax230824.00
Margin Relief will be 6548.00
Suresh
(Senior Tax Consultant)
(37 Points)
Replied 24 January 2011
Marginal Relief Amount should be Rs. 9024/- which is as per Intimation only.
Karan Mehta
(Article Clerk)
(42 Points)
Replied 06 March 2012
can anyone help??
Where should i enter the amount of ,margina;l relief in case of filing of Online Excel ITR..
Plz..help..its urgnt..
CAclubindia
