Surcharge
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2014
WHETHER SURCHARGE IS APPLICABLE TO INDIVIDUAL OR NOT -HAVING INCOME MORE THAN 1 CRORE
31 May 2014
Yes, if income of individual exceeds 1 cr, SC is 10%. Remember, Surcharge is a tax on tax.
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