Our Recommendations :-
Follow CA Final FB Page

what is the present surcharge rate?

Open uri20170510 32134 1k0mj0y?1494421740 praveen kumar asked over 3 years ago

    9       0 Answer Now Comment Report
6 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Chirag answered almost 3 years ago

Dear, In the A.Y.2015-16 the Surcharge rate for individual is 10% however such surcharge rate increased in A.Y. 2016-17 (F.Y. 2015-16) is 12%. In case of company/ partnership firm and others for A.Y. 2015-16 surcharge rate if income exceeds 1 cr but upto 10 cr than 5% and income exceed 10 cr. than 10%, however in case of foreign companies such rate is update by 2% and 5% as well.

    0       0 Comment Report
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 HIMANSHU answered almost 3 years ago

Hello In the A.Y.2015-16 the Surcharge rate for individual is 10% however such surcharge rate increased in A.Y. 2016-17 (F.Y. 2015-16) is 12%. In case of company/ partnership firm and others for A.Y. 2015-16 surcharge rate if income exceeds 1 cr but upto 10 cr than 5% and income exceed 10 cr. than 10%, however in case of foreign companies such rate is update by 2% and 5% as well.

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered almost 3 years ago

In the A.Y.2015-16 the Surcharge rate for individual is 10% however such surcharge rate increased in A.Y. 2016-17 (F.Y. 2015-16) is 12%. In case of company/ partnership firm and others for A.Y. 2015-16 surcharge rate if income exceeds 1 cr but upto 10 cr than 5% and income exceed 10 cr. than 10%,

    0       0 Comment Report
Open uri20170510 32134 ng4pv?1494421709 SONIYA answered over 3 years ago

For the financial year 2015-16 & Assessment Year 2016-17 **Surcharge** is leviable @ of 12% where taxable income is more than Rs. 1 crore - > incase of individual , HUf & firm. **However for Domestic companies the **rate of **surcharge**** is as under** :- 1. Where taxable income is more than Rs. 1 crore but less than 10 crore the rate of surcharge is 7% 2. Where taxable income is more than Rs. 10 crore , the rate of surcharge is 12% **And for foreign companies the **rate of **surcharge**** is as under :-** 1. Where taxable income is more than Rs. 1 crore but less than 10 crore the rate of surcharge is 2% 2. Where taxable income is more than Rs. 10 crore , the rate of surcharge is 5% Note : surcharge is in addition to cesses leviable on tax , and one can claim marginal relief .

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rama answered over 3 years ago

Dear Praveen The Surcharge rates applicable Other than companies exceeding Rs.1 Crore, the rate applicable is 12% For Domestic companies >1 crore and <10 crores , the rate is 7% >10 croes, the rate applicate is 12% Foreign Companies >1 crore and <10 crores , the rate is 2% >10 croes, the rate applicate is 5% Rama

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CHITRANJAN AGARWAL answered over 3 years ago

Dear Praveen, In the A.Y.2015-16 the Surcharge rate for individual is 10% however such surcharge rate increased in A.Y. 2016-17 (F.Y. 2015-16) is 12%. In case of company/ partnership firm and others for A.Y. 2015-16 surcharge rate if income exceeds 1 cr but upto 10 cr than 5% and income exceed 10 cr. than 10%, however in case of foreign companies such rate is update by 2% and 5% as well. Any other query feel free to contact us Writer CA Chitranjan Agarwal

    1       0 Comment Report
Get Notifications
Videos
Books
Notes
Loading
SIGN UP
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.