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Income tax surcharge: How to calculate surcharge on income tax?
short by Tarun Bhardwaj / on Thursday, 2 May, 2024
Our government makes sure that through the surcharge rule, wealthy individuals contribute to the income taxes more than the poor. According to Budget 2023, the maximum surcharge that can be levied on an individuals income has been restricted to 25 per cent if you opt for the new tax regime.