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Question 
what is surcharge?
 Question Submitted By :: Informatics135
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is surcharge?
Answer
# 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?
Answer
# 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
Prasanna
 
 
 
  Re: what is surcharge?
Answer
# 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
Rajesh
 
  Re: what is surcharge?
Answer
# 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
Radhika
 
  Re: what is surcharge?
Answer
# 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?
Answer
# 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?
Answer
# 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
Saloni
 

 
 
 
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