Surcharge of 10 Per Cent on Persons with Taxable Income Exceeding Rs.1 Crore

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....urcharge of 10 Per Cent on Persons with Taxable Income Exceeding Rs.1 Crore <br>Budget<br>Dated:- 28-2-2013<br><BR>The Finance Bill 2013-14 proposes a surcharge of 10 per cent on persons whose taxable....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... income exceed Rs. 1 crore per year. This will apply to individuals, HUFs, firms and entities with similar tax status. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.C....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hidambaram said that he also proposes to increase the surcharge from 5 per cent to 10 per cent on domestic companies whose taxable income exceeds Rs.10 crore per year. In the case of foreign companies....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...., the surcharge will increase from 2 per cent to 5 per cent. In all other cases, such as dividend distribution tax or tax on distributed income, the current surcharge of 5 per cent is being increased....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... to 10 per cent. The additional surcharges will be imposed for only one year, i.e., financial year 2013-14. The education cess for all taxpayers shall continue at 3 per cent. The Finance Minister said....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... that he expects the relatively prosperous to bear a small burden for one year. *** DSM/RC/nb/09 (Release ID :92734)<BR> News - Press release - PIB....