Slab rate on pgbp

Surcharge is levied on Income Tax and is levied if Income is more than Rs. 50 Lakhs in case of Individuals and Rs. 1 Crores in case of Companies. Different rates of surcharge are applicable for different categories of taxpayers and the current rates of Surcharge are as follows:-

Individuals, HUF, Association of Persons, Body of Individuals, Artificial Judicial Persons

Related Notable Points

25% Surcharge and 37% Surcharge would not be applicable in following cases:-

• • Dividend Income
  • Income chargeable as Short Term Capital Gains on Sale of Shares/ Mutual Funds under Section 111A or Sec. 112A

Firms, Co-operative Societies and Local Authorities

Domestic Company