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about surcharge???
Replies (2)
The surcharge is levied @ 15% on the amount of income tax where net income exceeds Rs 1 crore and at 10 % where net income exceeds Rs 50 lakh and below Rs 1 crore. (Applicable for all resident individuals)
In the case where the surcharge is levied, the cess will be on the tax amount plus surcharge.
Yes agreed with Nivedita
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