tax calculation for A.Y. 2010-11

It should be calculated without surcharge.............

Dear M.Muthukumar,

For the A.Y. 2010-11, surcharge is nil.However Education cess & Secondary and Higher Education Cess still exists. The tax on the income of Rs 10 lacs will attract 2% education cess and 1% secondary & higher education cess.Therefore the tax on total income will be Rs.2,10,120.

Thanks for the clarification friends

Originally posted by : M.Muthukumar
	If the taxable income for an individual(male not a senior citizen) is Rs. 10,00,000/- then wat is the tax he should pay for the A.Y. 2010-11? Is it  Rs. 2,04,000/- without surcharge or cess OR the calculation should be done along with surcharge & cess?

• it should calculated without  charging surcharge because surcharge applicable on income above rs.1000000/-.
• Cess shall charged on tax calculated .

Originally posted by : satindera singh
	it should calculated without charging surcharge because surcharge applicable on income above rs.1000000/-. Cess shall charged on tax calculated .

Wrong. wheather income is above Rs. 10,00,000 or below Rs. 10,00,000/-  No surcharge from PY 2009-10 onwards

From AY 10-11 onwards no surcharge and hence no question of more than or less than Rs. 10 lacs...

Here tax will be calculated and Edu. Cess. and Higher Edu. Cess will be charged....