surcharge rate on firms

Yes....

No....Surcharge is only levied if Total income > 1 crore....in case of Firm....

Yes

First of all surcharge is applicable on Income and not on turnover.

Secondly Surcharge shall be levied only in case where the total income of the firm as computed under section 111A or section 112 exceeds Rs. one crore.

Surcharge is mandatory in case income exceeds Rs.1 crore except in  case of Marginal relief where upto the total income of Rs.1.04 crore no surcharge is levied.

Hope this will solve your query.

Bye

Regards

Sumit Aggarwal

9971444888