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Calculators

Tag Archives: Surcharge on income tax

Surcharge and Cess on Income Tax

sURCHARGE ON INCOME TAX

Surcharge and Cess are important part of Income tax computation. Surcharge is introduced in the finance act 2013 whereas Cess is applicable since 2004. Cess is calculated on total income tax and surcharge (if applicable). Surcharge is applicable only if the total income is more than one crore rupees.  Cess has ...

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