Income Tax Surcharge & Marginal Relief Calculation | Step-by-Step Guide with Example

Income Tax Surcharge & Marginal Relief Calculation | Step-by-Step Guide with Example
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Queries resolved
1. surcharge on income tax
2. surcharge kya hota hai
3. surcharge and cess
4. surcharge and marginal relief
5. surcharge on income tax calculation
#incometax #incometaxreturn #incometaxact

[@IBATraining]

Any query related to Income Tax, please write in the comment section

[@saswatsekharmahapatra5467]

If I earned a certain amount from f&o and without withdrawing it from my demat account I bought equity of all the amount and sold them after a week. Now I withdraw the amount so will I be giving slab tax or STCG

[@anuragr5133]

I have LTCG 112A 1,98,00,000 and other income 98,00,000 then what is my surcharge

[@kumasars1]

Thanks

[@SameerKhan-fv7ji]

Thank you sir it was a great explaination

[@vh5827]

Thanks @IBATraining. That was very clear explanation of surcharge and marginal relief calculation.
Can you also tell what are the changes in surcharge rates w.r.t new tax regime ?

[@mallucartoonsworld]

Is there any updation in above values

[@mahendrakumarmeena9280]

Thanks sir

[@nirajsingh8460]

What if surchage is levied on above 50lakhs then the difference is calculated for marginal relief if net taxable income is more than 1cr then what difference should one take for finding marginal releief

[@prashantsaini4849]

1st view and like

[@vijayalakshmiviji3736]

Why do u minus 10L in net taxable income

[@mahenderyadav7849]

Because tax applicable on first 10L income is 1,12,500 which sir added afterwards. And on remaining income, he applied 30% tax. Hope it helps!

[@karankandpal9787]

How to calculate breakeven marginal releif

[@ankitaparija4823]

Sir plz 1cr ke upar marginal relief calculation ka video kijiye

[@user-ly6fw5fw3c]

This is bad.. if income increased by 1L
The extra tax paid is more than the amount earned even after considering marginal relief

[@c.d.premkumar6867]

What is the surcharge for individuals with less than 50 lakhs ?

[@sumantapatel2970]

Zero