Tax Summary
⚡ Surcharge applies
Income tax (as per slabs)Rs 0
Surcharge rate10%
Surcharge amount (Sec 4AB)Rs 0
Total tax payable
Rs 0
⚠️ Income ≤ 10M → no surcharge.
📘 Section 4AB – Summary & Key Info
Who: Individuals & Association of Persons (AOPs). Rate: 10% (business/AOP) / 9% (salaried) on the income tax if taxable income exceeds Rs 10 million. Surcharge is calculated on the tax amount, not on income.
Example (TY2026): Salaried individual, income 15M → normal tax ~4.43M, surcharge 9% = 398k, total ~4.83M.
Threshold: Only applies when taxable income > 10,000,000.