Interested to Buy Any Domain ? << Click Here >> for more details...
what is surcharge. when it is chargeable.
show all information about surcharge
- 1 Answers
- 3639 Views
- I also Faced
- E-Mail Answers
Answer / mita rungta
SURCHARGE MEANS AN EXTRA FEE ADDED ON TO ANOTHER CHARGE.
The amount of income tax computed in accordance with the provisions or in section 111A or section 112 shall, in the case of every individual or Hindu Undivided Family or Association Of Persons or Body Of Individuals having a total income exceeding Rs 10,00,000/-, be reduced by the amount of rebate {if any} of income tax calculated under Chapter VIIIA, and the income tax as so reduced, be increased by a surcharge for the purpose of the Union calculated at the rate of 10% of such income tax.
Hence, no surcharge is to be levied if the total income does not exceed rs 10,00,000/-
| Is This Answer Correct ? | 4 Yes | 1 No |
WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify
define double entry bookkeeping
What is MAT? and whom its applicable and what its rate?
we have rendered a service for the period 1st may 2016 to 31st may 2016. Quest: Can we raise the invoice with service Tax 14.5% on 1.6.2016 for may period bills? pls clarify
Explain deferred tax asset?
Define the term "Manufacturer"as introduced in finance act2010.
Can I know the full description about capital and revenue in nature? and also the expenses that allowed for tax and not allowed for tax?
What is E-I & E-II forms in Sales Tax?
how we can calculate the withholding tax for company? who will bear the tax?
What is the procedure of geting vat refund for construction division where output is nill?
What is minium bill of TDS Deduction Example If Contractor give us 1st Bill - 10000/- 2nd Bill - 15000/- 3rd Bill - 7000/-
when sales made in 2% cst against c-form, the buyer issue the c form to the seller, what the seller made on these c form , how can the seller benefited by the c form?
Audit 
