Surcharge on the amount of tax is to be levied at a specified percentage when an individual is having income exceeding specified limits:

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Question:Surcharge on the amount of tax is to be levied at a specified percentage when an individual is having income exceeding specified limits:

1. @7% having income exceeding ₹ 1 Croreand@ 12% if the income exceeds ₹ 10 Crore

2.@ 2% having income exceeding ₹ 1 Crore and @ 12% if the income exceeds ₹ 10 Crore

3. @ 15% having income exceeding ₹ 1 Crore and @ 10% if the income exceeds ₹ 50 lakh but does not exceed ₹ 1 Crore

4. None of the above

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  1. Surcharge on the amount of tax is to be levied at a specified percentage when an individual is having income exceeding specified limits:
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