For A. Y. 2018-19, 10% Surcharge of IT., if total income exceed ` 1 Crore
2% of incometax and Additional Secondary & Higher Education Cess @1%isalsolevied on all assessees.
Marginal Relief: In the case of firms having total income exceeding ` 1 Crore, the total amount payable as income- tax and surcharge on such income shall not exceed the total amount payable as income-tax on a total income of ` 1 Crore rupees by more than the amount of income that exceeds ` 1 Crore.
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