Surcharge on income tax: A surcharge is an extra income

A surcharge is an extra income tax to be paid by the taxpayers earning a higher income . Read the provisions of Marginal relief on surcharge with examples. Income Tax Surcharge Rate and Marginal Relief A surcharge on income tax is an additional tax levied on high- income taxpayers over and above their regular income tax liability. This surcharge ensures progressive taxation, where individuals and businesses earning higher incomes contribute more to the government. However, to prevent excessive tax burdens due to small income increases, the concept of marginal relief applies. Let’s explore the latest surcharge rates and marginal relief ... Explore the tax rates, surcharge , health and education cess, and marginal relief for individuals & firms for the A.Y. 2025-26 and 2026-27. Learn about the surcharge on income tax that is levied on individuals, companies, LLPs and firms with higher income . Find out the surcharge rates, marginal relief and examples for different categories and income slabs.