Surcharge
An additional 10% of income tax for non-salaried individuals and AOPs with taxable income above Rs 10 million.
Where it applies
- Individuals and AOPs, other than salaried individuals, with taxable income above Rs 10 million
How it works, step by step
The section of law behind each step is shown beside it.
- 1Compute normal taxDiv I
Apply the business slabs.
- 2Add 10% of the taxs.4AB
Surcharge = 10% of the income tax payable.
Rates and rules
| Case | Rate / rule | Law |
|---|---|---|
| Non-salaried individual / AOP | 10% of tax where taxable income exceeds Rs 10 million | s.4AB |
| Salaried individual | Not applicable (under the current law) | s.4AB |
Worked example
Business income of Rs 12 million: tax under the business slabs plus 10% of that tax.
Points to watch
- The calculators on this site already apply the surcharge.