https://www.taxtmi.com/caselaws?id=773529 Surcharge on return processing under section 143(1) depends on the assessee's applicable income slab under Paragraph A, Part I, First Schedule to the Income-tax Act, 1961. Where income exceeds Rs. 50 lakhs but does not exceed Rs. 1 crore, the first surcharge slab applies and the surcharge rate is 10%, including for dividend income and income chargeable under sections 111A, 112 and 112A. The higher 37% surcharge rate is not applicable to that slab, and any adjustment applying 37% is unsustainable. en-us Fri, 20 Jun 2025 00:00:00 +0530 Tue, 24 Jun 2025 08:25:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773529 Surcharge on return processing under section 143(1) depends on the assessee's applicable income slab under Paragraph A, Part I, First Schedule to the Income-tax Act, 1961. Where income exceeds Rs. 50 lakhs but does not exceed Rs. 1 crore, the first surcharge slab applies and the surcharge rate is 10%, including for dividend income and income chargeable under sections 111A, 112 and 112A. The higher 37% surcharge rate is not applicable to that slab, and any adjustment applying 37% is unsustainable. Case-Laws Income Tax Fri, 20 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773529