Dear All,
CBDT has incresed the surcharge rates for individual for AY 2019-20. Following are the new rates
| 10%- | if Total income is greater than 50 lakh and upto 1 crore |
| 15%- | if Total income is greater than 1 crore and upto 2 crore |
| 25% | -if Total income is greater than 2 crore and upto 5 crore |
| 37% | -if Total income is greater than 5 crore |
After few days of budget speech, govt. withdrew higher surcharge for FPI.
i want to confirm if higher surcharge is still applicable for resident individual?
Thank you.
CAclubindia
