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Ms Rishika Chaudhary
On 12/21/18, 2:42 AM
 A surcharge is levied on Income Tax and it's levied if income is more than 1 Crore in case of companies in India. Surcharge applicable on Domestic Companies in India is as follows :

Level of Income Surcharge on Income Tax
Less than Rs. 1 Crore Nil
Rs. 1 Crore to Rs. 10 Crore   7%
More than Rs. 10 Crore 12%

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Asked: 12/21/18, 2:39 AM
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Last updated: 12/21/18, 2:42 AM