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MARGINAL RELIEF ON SURCHARGE
Surcharges that began as temporary measure have become a heavy fixture in income tax; Why do they need redesigning in Budget 2026While the 10% surcharge introduced in 2013 was intended for a single year, the policy has since evolved into a complex, multi-tiered system...19 Jan, 2026, 12.37 PM IST- Surcharge on income tax02 Aug, 2024, 03.50 PM IST
- Lower effective tax rate of 39% instead of 42.74% in top bracket of new tax regime; here's how marginal relief worksSurcharge on income: Individuals having income(s) above Rs 50 lakh have to pay an additional tax known as 'surcharge'. Budget 2023 made Sur...15 Apr, 2024, 02.26 PM IST
- Marginal tax relief for small taxpayers for income exceeding Rs 7 lakh in new tax regime: Budget 2023The marginal tax relief is available to individual taxpayers whose taxable income exceeds Rs 50 lakh. The Budget 2023 has made amendment un...24 Mar, 2023, 04.32 PM IST
- Boost to infra, agri investments and higher disposable income augurs well for FMCGThe decline in personal income tax slabs provides more disposable income in the hands of the consumers benefiting the consumer goods compan...01 Feb, 2023, 05.31 PM IST
- Post tax, Rs 5 lakh income will be higher than Rs 5.16 lakh: Here's whyIf your net taxable income exceeds Rs 5 lakh by even Re 1 then you will be ineligible to avail a tax rebate.28 Feb, 2020, 10.04 AM IST
- Government working on solution for FPIs facing higher surchargeGovernment is considering some relief for FPIs from the super-rich surcharge levied in the budget.15 Jul, 2019, 08.25 AM IST
- Budget 2019: No marginal relief for taxpayers whose taxable income exceeds Rs 5 lakhThe marginal increase in income above Rs 5 lakh will result in more tax outgo than the incremental increase in income19 Feb, 2019, 03.07 PM IST
- The super rich will save more due to Budget 2017 proposals: Find out howThe Finance Minister yesterday has proposed to levy a surcharge of 10% on income tax payable by those having taxable income from Rs 50 lakh...03 Feb, 2017, 02.04 PM IST
- Budget 2011: What it means for India IncWith a firm April 2012 deadline for implementing the Direct Taxes Code, the budget focuses on removing big ticket exemptions and creating a...01 Mar, 2011, 04.42 AM IST
- Airlines to pocket ATF price cut benefitAviation turbine fuel (ATF) has become cheaper in Delhi by Rs 3,000 per kilolitre (kl) for domestic airlines and $54 per kl for foreign air...06 Jun, 2008, 08.31 AM IST
- Airlines fly high on 5% cut on ATF custom dutyThe aviation sector is, however, a gainer. The government’s decision to reduce customs duty on aviation turbine fuel (ATF) by 5% is would r...05 Jun, 2008, 07.41 AM IST
- Oilcos to cut aviation fuel prices by 6%Airlines are unlikely to pass on the benefit to passengers who pay about Rs 650 as fuel surcharge.30 Jan, 2007, 01.40 AM IST
- Surcharge on corporate, personal I-T likely to goUnion Budget 2007 may turn out to be good news for individual tax payers as well as corporates.15 Jan, 2007, 04.35 AM IST
- SIA, KLM cut fuel surchargeRelief is on the way for outbound air travelers. Following a decline in jet fuel price, international airlines are in the process of reduci...14 Oct, 2006, 02.55 AM IST
- Fuel surcharge on international air tickets set to move higherAirlines the world over are hiking fuel surcharge on tickets as they grapple with high fuel costs.08 Aug, 2006, 01.30 AM IST
- Just crossed Rs 8.5 lakh? You don't pay 10% surchargeAn individual whose annual income just about exceeds Rs 8.5 lakh could be forgiven for feeling like a cricket team involved in a one-day ma...10 Mar, 2003, 07.54 AM IST
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