Marginal relief

463 views 1 replies

Dear Friends

I wanted to know that in case of any individual resident in india assessee and for the financial year 2013-14 having net taxable income of Rs 500010 in that case total tax will be Rs 30902 and if his net taxable income is of Rs 500000 that tax payable would be Rs. 28840/-

 

So whether in the above case marginal relief will be available or not???

 

kindly reply..

thanks in advance

Replies (1)

Surcharge will be applicable only in case of Individual having taxable income in excess or rs10 crores,So in your case there is no concept of Surcharge and Marginal relief will not arise. Marginal relief will be availble only if you are subjected to Surcharge.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details