What is the slab after which surcharge on income tax is applicable
regards
Vinayak
vinayak Parkar (Accounts exe) (92 Points)
29 September 2010What is the slab after which surcharge on income tax is applicable
regards
Vinayak
sanjoy saha
(student)
(121 Points)
Replied 29 September 2010
Hi Vinayak,
From the A.Y.2010-11 onwards surcharge is payable by companies only .For domestic companies the rate of surcharge is 10% and for Foreign companies it is 2.5% if their total income exceeds Rs.1Crore .
Cheers,
Sanjoy
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 29 September 2010
AGREED WITH SANJOY
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