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what is surcharge?

Answers were Sorted based on User's Feedback



what is surcharge?..

Answer / prasanna

Surcharges are often a charge in addition to a charge, or a
tax added to the original tax.

Is This Answer Correct ?    38 Yes 10 No

what is surcharge?..

Answer / ashok motiani

Surcharge is the amount, which is charged over & above the
actual charged amount.

Is This Answer Correct ?    42 Yes 15 No

what is surcharge?..

Answer / saloni

If gross receipts subject to TDS of an individual or HUF
exceed Rs. 10 lakhs, there is an add surcharge of 1.5%.

this means that if even after deducting TDS and all other
charges (ex. education cess) the income of a person still
exceeds Rs. 10,00,000 then an additional charge of 1.5%is
levied on the amount. this additional charge levied over
and above the actual charge is called surcharge.
hope this helps.. good luck!!!

Is This Answer Correct ?    9 Yes 3 No

what is surcharge?..

Answer / radhika

Surcharge is charged when the taxable income crosses
Rs.10,00,000/- after taking into a/c all deductions.
Surcharge will be charged on tax payable.

Is This Answer Correct ?    15 Yes 10 No

what is surcharge?..

Answer / rajesh

surcharge is charged if the tax payable amount is more
than ten lakhs after deducting all deductions

Is This Answer Correct ?    19 Yes 15 No

what is surcharge?..

Answer / dheeraj

surcharge is tax on tax if total taxable income is more than
1,00,00,000. In calculating surcharge relief is calculated
if any.

Is This Answer Correct ?    1 Yes 1 No

what is surcharge?..

Answer / jiten koli

surcharge is charged, Income tax covred under income tax
Act 1961,if taxable Inocme exceed above 10 lakh then
surcharge should be pay by assessee @ 10% with ed.cess 3%

Is This Answer Correct ?    5 Yes 8 No

what is surcharge?..

Answer / bal karmakar

dont know how shold i know when i have never given income
tax till now,dont ask silly question

Is This Answer Correct ?    6 Yes 9 No

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