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Categories >> Accounting >> Accounting AllOther


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what is surcharge?
 Question Submitted By :: Informatics135
I also faced this Question!!     Rank Answer Posted By  
  Re: what is surcharge?
# 1
Surcharge is the amount, which is charged over & above the
actual charged amount.
Is This Answer Correct ?    39 Yes 14 No
Ashok Motiani
  Re: what is surcharge?
# 2
Surcharges are often a charge in addition to a charge, or a
tax added to the original tax.
Is This Answer Correct ?    35 Yes 9 No
  Re: what is surcharge?
# 3
surcharge is charged if the tax payable amount is more
than ten lakhs after deducting all deductions
Is This Answer Correct ?    18 Yes 15 No
  Re: what is surcharge?
# 4
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 ?    14 Yes 9 No
  Re: what is surcharge?
# 5
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 ?    4 Yes 8 No
Jiten Koli
  Re: what is surcharge?
# 6
dont know how shold i know when i have never given income
tax till now,dont ask silly question
Is This Answer Correct ?    5 Yes 7 No
Bal Karmakar
  Re: what is surcharge?
# 7
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 ?    8 Yes 3 No
  Re: what is surcharge?
# 8
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 ?    0 Yes 0 No

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