hi,
can any one tell me up to which amount can i claim marginal relief for individuals for a.y 09-10 ? help me please
3 Replies
Sunali
(Learner)
(1317 Points)
Replied 05 December 2009
Marginal Relief under the Income Tax Act, 1961 is available upto the extent the tax including surcharge exceeds the normal tax more than the amount of income exceeding Rs. 10 Lacs in case of an individual and Rs. 1 crore in case of Firms & Companies..
Ansari
(ca final)
(444 Points)
Replied 05 December 2009
| Originally posted by :Sunali | ||
| " | Marginal Relief under the Income Tax Act, 1961 is available upto the extent the tax including surcharge exceeds the normal tax more than the amount of income exceeding Rs. 10 Lacs in case of an individual and Rs. 1 crore in case of Firms & Companies.. | " |
Hareesh H Sharma
(Cleared IPCC..now article)
(894 Points)
Replied 05 December 2009
For the assessment yr 9-10 marg relief is available to an individual up to the following
Individual 10,30,590
Resident woman 10,30,140
Senior citizen 10,29,470
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