Surcharge is an additional tax levied on the income tax if total income of taxpayer exceeds specified limit on the Income Tax Act.

Surcharge is applicable considering the total income and different rate is applicable for different types of taxpayers.



Individuals, AOP, BOP, HUF, Artificial Judicial person

10% if the income exceeds 50 lacs but less than 1 crore.
Surcharge shall be 15% if income is 1 crore

Domestic companies;
having total income more than Rs.1 crore but less than Rs.10 crores- 7%
having total income more than Rs.10 crores: 12%

Foreign companies
If the total income is more than Rs.1 crore but less than Rs.10 crores: 2% on income tax
If the total income income more than Rs.10 crores: 5% of income tax

Firms, local authorities and Co-operative society
Total income exceeding the 1 crore -surcharge shall be 12%.