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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
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 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2809)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4360)
Question
what is surcharge?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
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
 
Answer
# 2
Surcharge is the amount, which is charged over & above the
actual charged amount.
 
Is This Answer Correct ?    39 Yes 14 No
Ashok Motiani
 
 
 
Answer
# 3
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
 
Answer
# 4
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
 
Answer
# 5
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
 
Answer
# 6
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
Dheeraj
 
Answer
# 7
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
 
Answer
# 8
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
 

 
 
 
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