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
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limit for claiming marginal relief
Replies (3)
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..
| 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.. | " |
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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