https://www.taxtmi.com/manuals?id=3954 Surcharge is an additional tax levied on the amount of income-tax, applied progressively by taxpayer category and income thresholds. Individuals and similar persons face increasing surcharge rates as income rises, subject to caps and exclusions; specified funds and certain income heads are exempt from enhanced surcharge; alternative tax regime elections modify applicable surcharge rates. Firms, co-operative societies, domestic companies and foreign companies have distinct surcharge bands or caps, and marginal relief is available to limit surcharge impact under defined conditions. en-us Thu, 21 Dec 2023 17:21:00 +0530 Fri, 05 Jan 2024 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3954 Surcharge is an additional tax levied on the amount of income-tax, applied progressively by taxpayer category and income thresholds. Individuals and similar persons face increasing surcharge rates as income rises, subject to caps and exclusions; specified funds and certain income heads are exempt from enhanced surcharge; alternative tax regime elections modify applicable surcharge rates. Firms, co-operative societies, domestic companies and foreign companies have distinct surcharge bands or caps, and marginal relief is available to limit surcharge impact under defined conditions. Manuals Income Tax Thu, 21 Dec 2023 17:21:00 +0530 https://www.taxtmi.com/manuals?id=3954