Marginal Relief - Excess Tax due to Surcharge - The concept with illustration

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..... ncome of one crore rupees by more than the amount of income that exceeds one crore rupees. An illustration: Assessee ABC Assessee DEF Assessee RST Total income A. 1,00,10,000 99,99,000 1,50,00,000 Rate .....

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..... ayment to Tax on total income and F=A-E Or F=C-D 72,57,250 74,99,250 1,08,75,000 As seen above, the total income of ABC is more then the total income of DEF . But, after application of surcharge, the position would be reversed and the total amount retained by DEF is more than the amount reta .....

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