18 March 2010
Dear sir if the total income is 1000000/- then the Singania books say as "the total amount payable as income tax and surcharge can not exceed the total amount payable as income tax on a total income of Rs 1000000/- by more than the amount of income that exceeds Rs 1000000/-" Please expain the above for the Assessment year 2010-2011. and in that book i could not found any Education cess for the individual who has Rs 1000000/- total income without any excemption he he is getting as assumed in the tables given. Regards Ramesh
CAclubindia
