Question

calculate surcharge on 2,01,00,000​

Answer 1

Answer:

The calculation of surcharge for2,01,00,000 is as follows

Since the slab rate increases to 25% from 15% due to increase in the income of a lakh surcharge may be applicable

For 2,00,00,000

The tax payable may be

2,50,000×0%=0

2,50,000×5%=12500

5,00,000×20%=1,00,000

1,91,00,000×30%=57,30,000

Total=58,42,500

Surcharge at 25%=14,60,625

Total tax payable will be 73,03,125

Explanation: