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!!!
What is Accounting? How to prepare the manual accounts? What
are the manual accounts? What are the subsidary books? How
to classify, summerising and posting accounts. What are
basic and important stpes to take while preparing
journal,ledger,cashbook, Bank book, Trailbalance, Trading
and profit and loss a/c and Balance sheet.