Surcharge

This query is : Resolved

Rushab Dave (Querist)
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18 July 2018 Sir I have One Doubt
If Income Exceed 1cr toh surcharge lagega, Right .

If Income is EXACT 1cr toh lagega ya nahi ye thoda confirm kar dijiye , kyuki mujhe lagta hai nahi lagata hai, fir bhi confirmation chahta hu bas

The Confirmation of EXACT 1cr

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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19 July 2018 In the case of individual's - for financial year 2017-18

Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh
up to Rs.1 crore.

Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore.

Rushab Dave

Rushab Dave (Querist)
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19 July 2018 ok sir this is the rule I Understand , If My Income is Exact 50 lakh, EXACT

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Rushab Dave

Rushab Dave (Querist)
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19 July 2018 And If For Firm , Then
For Proprietorship income is 50 lakh then