surcharges applicable to comapnies -taxable limit

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harshit (Querist)
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08 May 2008 for the a.y.2006-07 & 2007-08 what is the limit for surcharge applicable to companies

for a.y. 08-09 for individuals above 10 lacs surcharges applicable, the same applicable to companies ? or what is the limit for a.y. 06-07 & 07-08 for comapines

please sir.

Sohil Ganeriwala

Sohil Ganeriwala (Expert)
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08 May 2008 1)in case of any domestic company whose total income of the comapany crosses 1 crore then surcharge of 10% is charged.
2) in the case of every company other than a domestic company having a total income exceeding Rs 1 crore than surcharge is charged at the rate of 2.5% for the AY 07-08.

Amit Sharma

Amit Sharma (Expert)
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08 May 2008 Dear Harshit,

Mr Sohil is 100% right.

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