How much % does surcharge is charged

This discussion clarifies how to determine the surcharge percentage for a firm's tax liability when not explicitly stated. A surcharge is generally applicable if the firm's total income exceeds £1 crore, at a flat rate of 12%. It's important to note that any mentioned fixed surcharge will be found in the tax slab schedule notes, and a 4% cess is calculated on the tax amount plus any surcharge.