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Marginal relief

IPCC 1375 views 3 replies

HI FRNDS PL.TELL ME WHT IS MARGINAL RELEIF.

 

I HAV NOT UNDERSTOOD FROM STUDY  MATERIAL

 

THNX A LOT.

Replies (3)

Hi Aksh*t....... See when ur income exceeds 1 crore............then the tax (including surcharge, cess etc) payable on it shall be restricted to :
Tax on Rs. 1 crore + ( total income - 1 crore)

U can check it by taking example..........say income of Rs. 1,02,00,000.......

this is marginal relief excellent calculator, try to understand from this.

 

https://taxbykk.blogspot.com/2011/07/computation-of-tax-of-domestic-company.html

THNX A LOT SAHIL & KAUSHAL SIR.


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