Surcharge

Srinivasan M (Professiona) (46 Points)

16 April 2013  

Dear all,

This year in budget speech  Mr Chidambaram said "Surcharge of 10% on Rs 1 crore plus income earners. Raised surcharge for only one financial year". what this means, the taxpayers with income morethan 1 crore should pay 10% with addition to the existing tax slab.Please clarify this.

Thanks in Advance!!