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!!!
Choose the correct answer:
In case of assesses other than companies, the following is
advance tax rate to be payable on or before of 15th
September on the current fringe benefits. (1) 15 per cent;
(2) 30 per cent;
(3) 45 per cent;
(4) 60 per cent.