A domestic company has taxable income of ₹10.01 crore in tax year 2026–27, is in the ordinary 25% rate category and has no special-rate income. What is income-tax plus surcharge after marginal…
Question and options
A domestic company has taxable income of ₹10.01 crore in tax year 2026–27, is in the ordinary 25% rate category and has no special-rate income. What is income-tax plus surcharge after marginal relief and before health and education cess?
₹2,68,50,000
₹2,91,49,120
₹3,34,88,000
₹2,68,25,000
Answer and explanation
At 25% with a 12% surcharge, tax plus surcharge on ₹10.01 crore would be ₹2,80,28,000. Marginal relief limits it to the tax plus 7% surcharge on ₹10 crore (₹2,67,50,000) plus the ₹1,00,000 by which income exceeds ₹10 crore, giving ₹2,68,50,000. The figure of ₹2,91,49,120 adds cess to the unrelieved amount.
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