2006-09-11 21:35:21 · 3 answers · asked by Vinod Kumar 1 in Business & Finance ➔ Taxes ➔ India
For Direct Taxes:
For Individuals, HUF's, BOIs and AOPs, rate of surcharge is 10% of tax if income is above Rs 10 lakhs. Marginal relief is available
For other taxpayers(other than foreign companies) rate of surcharge is 10% of tax on all income.
For foreign companies, rate of surcharge is 2.5% of tax on all income.
Education Cess is levied in all cases for all levels of income at 2% of income tax + surcharge.
2006-09-14 20:00:25 · answer #1 · answered by sonali_n 2 · 0⤊ 0⤋
rate of surcharge is 10%, surcharge is exemt upto rs. 10,00,000
additional surcharges/ educational cess is 2%
2006-09-11 21:47:26 · answer #2 · answered by Tiger 2 · 0⤊ 0⤋
i think its 2.5% or 5%
2006-09-11 21:44:13 · answer #3 · answered by lini m 1 · 0⤊ 0⤋