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surcharge on tax above 1000000

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53 Points Posted on 10 May 2007
Dear friend

what is the basis of charging surcharge on salary income if it exceeds Rs.1000000
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On 10 May 2007 at 16:20 Report
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433 Points Posted on 10 May 2007
Hi Friend
Surcharge is 10% of income tax if net income of an individula , huf, AOP ,BOI , exceeds Rs 1000000

with ragard
Rajesh
1 Reply
On 10 May 2007 at 16:20
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53 Points Posted on 10 May 2007
Hi

Thanks for the info.ie if taxable  income is Rs.1000100 then surcharge will be charged on 255030 or on 30 Rs.only if it is on 255030 is big loss for employee.
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On 10 May 2007 at 16:20
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53 Points Posted on 10 May 2007
Hi

Thanks for the info.ie if taxable  income is Rs.1000100 then surcharge will be charged on 255030 or on 30 Rs.only if it is on 255030 is big loss for employee.
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On 10 May 2007 at 16:20
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433 Points Posted on 10 May 2007

Hi Friend

surcharge  10% on Rs 250030

With Ragard
Bajaj
1 Reply
On 10 May 2007 at 16:20
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66 Points Posted on 10 May 2007
hi Dear,

there is no surchrge for Asst year 2008-2009,
for Asst Year 2007-08 it was 10% on total income
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On 10 May 2007 at 16:20
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433 Points Posted on 10 May 2007

Dear Basavarajmvca

for Asst year 2007-08 Surcharge was 10% on income tax  Not on [b]Total Income[/b]
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On 10 May 2007 at 16:20
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2677 Points Posted on 19 December 2007
SURCHARGE OF 10%
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On 19 December 2007 at 15:24


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