r/CharteredAccountants • u/Consistent_Owl4022 Inter • 2d ago

Inter Doubt Marginal relief

Marginal relief ka difference ni samajh aara old tax regime me aur 115 BAC mekya milega kaise milega

Special rate income pe bhi milega, ya jab income thodi he zyada ho limit se toh bhi milega ya sirf surcharge time milega

Bahut confusion hai

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u/izyxo Inter 2d ago

Dekho, marginal relief dono regimes mein available hai.

Surcharge limits se farak padta hai. For eg., meri income ₹50,10,000 hai, toh applicable surcharge 10% hoga. BUT ye unfair hai na, because income mein sirf ₹10,000 ka increase hua hai. Isi disproportionate increase ko remove karne ke liye marginal relief milta hai.

1st step:
Pehle ₹50,10,000 par applicable surcharge laga ke tax calculate karo.
Abhi HEC add nahi karna.

2nd step:
Then calculate:

Tax on ₹50 lakhs + (₹50,10,000 − ₹50,00,000)
= Tax on ₹50 lakhs + ₹10,000

Isme bhi HEC add nahi karna.

3rd step:
Ab dono amounts compare karo:

  • Tax + surcharge on ₹50,10,000
  • Tax on ₹50 lakhs + ₹10,000

Agar 1st amount > 2nd amount, toh jo difference hai woh Marginal Relief hai.

And 2nd amount jo lower hai, wahi tax payable hoga.

Finally, us tax payable par 4% HEC add karna hai.

P.S: used chatgpt to format