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Income Tax Components

Former Member
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Hello All

I have  conflict of understanding from Auditing angle for an employee in understanding below

Taxable Income (After all PT, Sec U/S and chapter6)

Surcharge calculation

Educational cess

High Educational cess

Tax Rebate

Total Tax

Please let me know an scenario to understand?

Regards

SK

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Hi SK,

Please check below calculation for Example it will be helpful to you.

Thanks

Omprasad Reddy

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https://wiki.scn.sap.com/wiki/display/ERPHCM/Income+Tax+Surcharge+Calculations+since+FY+2013+-14

Hi SK,

You can also please check the above wiki blog written by Mr.Chetan Bajaj, which is very useful for surcharge scenario. (This blog also explains about marginal relief).

regards,

Bala.

Answers (1)

Answers (1)

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Hi,

For which financial year do you look for a scenario?

regards,

Bala.

Former Member
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Hello Bala

Last year or current year fine

Regards

SK