Savings in Surcharge on Income Tax & Education Cess

Taxable income of Mr  X is more than Rs. 50 lakhs over and above the marginal relief as prescribed by the Act, say for AY 23-24. Since the income is exceeding the limit of Rs. 50 lakhs, it would be subject to surcharge and Secondary & Higher Education Cess thereon.I am giving below my calculations in a tabular format. I would request the experts, to enlighten me, whether I am right in my understanding:

Let us say that the taxable income of Mr X is Rs. 60 lakhs for AY 23-24. Tax calculations would be as follows, based on old regime. In case of new regime, the differential is Rs. 49920. One may check calculations for oneself.

• Above 10 lakhs figure is deliberately broken into 2 parts, to show the savings in surcharge and corresponding savings in SHEC. Basically, the rate of surcharge is also applied slab wise, in similar way to applicability of basic tax. Basic tax figure is not disturbed at all, hence there is no evasion of tax. If this is a right method of calculation, then it can be applied to any income and assesee, subject to surcharge and corresponding SHEC thereon