why do GOI impose surcharge on income tax?

Share This Thread
  1. dooshan

    dooshan New Member

    why do GOI impose surcharge on income tax?
  2. Karan Batra

    Karan Batra Well-Known Member

    It is not charged in all cases but is only charged in cases where the income is exceptionally high i.e. above Rs. 1 Crore.

    This is done because the higher income earning people have more capability to pay tax as compared to a lower income individual and therefore the govt tries to collect more tax from such people
Draft saved Draft deleted
Similar Threads Forum Date
penalty will be imposed or not Income Tax Jan 20, 2016
Surcharge for AY 2016-17 for Firms Income Tax Aug 3, 2016
dividend tax surcharges Income Tax Jul 18, 2016
IT Surcharge Income Tax Jun 30, 2016
Surcharge on TDS Income Tax Apr 8, 2016