Surcharge applies as an extra charge on your income tax once your taxable income crosses โน50 lakh โ this shows how much.
| Taxable Income | Surcharge |
|---|---|
| Up to โน50,00,000 | Nil |
| โน50,00,001 โ โน1,00,00,000 | 10% |
| โน1,00,00,001 โ โน2,00,00,000 | 15% |
| Above โน2,00,00,000 (New Regime caps here) | 25% |
Under the Old Regime, surcharge can reach 37% for income above โน5 crore (except certain capital gains/dividend income, capped lower). The New Regime caps maximum surcharge at 25%.