19. Surcharge on Income Tax | Tax on Tax | Super Rich Tax

[@StudyAtHome]

✅Stay in Touch with CA Raj K Agrawal by following him on all his social media - linktr.ee/CARajKAgrawal

[@valuenoteupsc]

One day ..One wonderful concept 😮❤❤and waiting for next new concept...in videos ko classes nahi.... webseries ghoshit kardena chahiye 🎉

[@StudyAtHome]

Thank you for your enthusiastic response! I'm glad to hear that you're finding the concepts engaging and enjoyable. Keep learning and growing!

[@Meatmoon]

Literally I don't have money for recharge today But I am computing Tax on 5 crore Yeh,dukh kahe khatam nhi hota beeee😅😅😅

[@neeluchoudhary799]

Sir apke lectures dekhte waqt pta hi ni chlta kab mne 10 lecture ek hi din mei dekh liye 😅 Apke lectures bhot ache hai 😊🙏🏻 Sab kuch kafi ache se smjh aata hai 😊 June 24 mei cs executive ka 3rd attempt dugi hope i will pass 🙏🏻🙇🏻‍♀️ Thankyou sir itne ache lectures provide krne ke liye mei apke saree lectures ko like krti hu❤ ❤❤

[@StudyAtHome]

Thank you so much for your kind words! I'm glad to hear that you find the lectures helpful. Best of luck with your CS Executive exam! 😊🙌

[@neeluchoudhary799]

@@StudyAtHome thankyou sir

[@aashi1742]

Thank you so much sir for this lecture ❤❤

[@StudyAtHome]

You're most welcome! 😊

[@sileshparida3484]

Great sir , nicely explained

[@StudyAtHome]

Thanks for liking

[@somamukherjee8652]

Sir your video+ your income tax book 📚 are enough for scoring decent marks in exams of ca inter

[@StudyAtHome]

Yes, more than enough

[@TankPriyanshi]

🩷tax suna tha hard he lekin survat both achi hui he aapke support se sir 🥹🫶

[@StudyAtHome]

Bahut accha laga ye sunke ki aapko tax samajhna ab hard nahi lag raha.

[@Mysharemantra]

Excellent explanation

[@gouribhagat7004]

Extraordinary explanation sir😊

[@StudyAtHome]

Glad you think so🙌🏻

[@ameetopiwala7255]

Thank you so much sir for this wonderful lecture 😊

[@StudyAtHome]

You're always welcome! 🙌

[@dilipnorton6465]

Thanks for all your efforts sir🙏🏻🙏🏻❤️

[@StudyAtHome]

It's my pleasure 😊🙌

[@jyotisindhwani709]

Sir apne income tax ko favourite subject bna diya h

[@StudyAtHome]

Happy to hear that. Keep up the enthusiasm and you'll be able to master it🎯

[@ramchandragandhi7730]

surcharge concept for new tax regime also should be explained with the example then it will be vey clearl to under stand

[@fireshorts9169]

Sir greatful of you

[@nripendraku]

25:37 Yes sir ❤😊

[@mananbhandari2711]

So beautiful, So aligent just looking a wow ✨💗

[@TheCANexus]

Ladki nahi hai Raj agrawal sir hai 😂..

[@thehuman2861]

Wah sir... Aapki classes ke bina paar na padti...

[@StudyAtHome]

Bahut shukriya aapka

[@rohitjindal1356]

Lagta hai income tax mera favourite subject ban gya hai ❤

[@StudyAtHome]

That's great to hear! Keep up the enthusiasm and with regular efforts you'll be able to master it too👍🏻🎯

[@anahcusproductions]

Sir ka padane ka style hi Aisha hai

[@xyzaspirant]

Amazing❤❤❤❤

[@StudyAtHome]

Thank You!🙌🙌🙌

[@50_prathamkumbhar55]

Sir, agar total income 2 crore se jyada hai 25% surcharge ya lagta hai other income source me toh fir 13:52 me Jo second example hai usme 160 lakh ke upar 25% surcharge lagna chahiye

[@StudyAtHome]

Income will be split to check the limit of 2 crores. Explanation is given plz check the video again. Since other income was less than 2 crores so 15% surcharge has been applied. We shall not check total income here.

[@CABUDDIES37]

Sir please tell me after complete basic chapter vedio lecture perfectly you provided and mentioned examples revise that is enough na sir or module bhi our padna hai kya......

[@manshimishra8302]

thanks a lot sir

[@tusharparashar6423]

Sir if income of 111A,112 and 112A is 5 crore and other income is 10 lakhs will the applicable rate of surcharge be 15% on income of 111A,112 and 112A as well as other income?

[@SagarGupta-lt4uy]

@@tusharparashar6423 Yes

[@rohitsain8388]

Thnkuu alot sir🎉❤

[@StudyAtHome]

Most welcome 😊

[@Ashh34778]

Sir you are awesome ❤

[@StudyAtHome]

Thankyou!😊

[@SanskritiJain-nc6cd]

33:11 since tax is 2840000, which is less than 5000000, tax slab rate is 10%. Why you applied 15%?

[@pinku_005]

Example 3and 4 contradicts from each other. If surcharge on 90 lakh is 15% considering total income more than 2 cr, then in example 4 it would be 37% considering total income more than 5cr.

[@StudyAtHome]

Please watch more examples. You don't have to see total income.

[@jainprivar0706]

Thank you sir for valuable videos

[@StudyAtHome]

Most welcome

[@demon04x]

Thank you sir ❤

[@StudyAtHome]

Welcome

[@ranjanachaudhary8119]

Sir now onwards plz provide subtitles for all lectures

[@StudyAtHome]

Will try

[@ravleenkhurana7728]

Thank you so much ❤

[@StudyAtHome]

You're welcome 😊

[@TheCANexus]

19:39 sir query hai... 50 lac above to 10% hai... Surcharge

[@KitabeeOrg]

Total income exceeds 2Cr

[@TheCANexus]

​@@KitabeeOrgunderstood

[@aakanksha-w8]

Thank you sir

[@StudyAtHome]

You're welcome!

[@rahulshet3517]

In 112 112a and 111a dividend also mentioned in notes but not in video"

[@StudyAtHome]

Yes you have to consider dividend also

[@Lisha001.]

Thank u so much sir ❤

[@StudyAtHome]

Always welcome

[@ajeet.z]

Great video...I have been binge watching these. Also provide us with this book's pdf.

[@StudyAtHome]

Thank you! Notes for the 2024 exams: ✅ Printed Material of Income Tax - bit.ly/3OwBkfe ✅ View only Income Tax PDF (Non - Downloadable) - on-app.in/app/oc/218092/teddv

[@baarish7094]

Thank you sir

[@StudyAtHome]

You're welcome

[@tanvii160]

19:16 sir but for 50 lakhs rate of surcharge was 10% so why we applied 15% When we will apply 10% ? If we are never going to apply this rate than why it has been included in slab rate And thank you so much sir you are the best!!!☺️ Kindly reply

[@zoyamehboob6142]

we have to see total income

[@StudyAtHome]

Watch full video again. If this is your question than you have not understood anything.

[@tanvii160]

@@StudyAtHome thank you sir I have understood now ☺️

[@kaushik..123]

Sir ab 😂to blood me bhi tax rate flow krne lagi ha pr sir abhi to 🤣🤣🤣😁🤕 survat ha 😅

[@StudyAtHome]

😂🙌

[@archanasuyal1092]

Co-operative society vale chapter mai aapne 10% btaya tha....pr is list mai nahi likha hai....pls clear kr dijiye

[@pradipmande357]

It's very good for me.

[@StudyAtHome]

Happy to hear that!

[@StudyAtHome]

Good to know that🙌🏻

[@archanasuyal1092]

Sir agr income chargeble to tax u/s 115 BAE hogi to surcharge nhi lagega kya?

[@StudyAtHome]

Lagega

[@FathimaNachiyar-r4l]

Wow amazing..but still i have some doubts sir wht shld we do if our other income is less i.e ₹50,000..we cannot claim basic exemption for both optinal tax regime and default tax regime

[@Iqbalhussain-j8r]

24:56 sir please give details about tax slab rate on 24:56

[@StudyAtHome]

Watch these two lectures: 1. kzbin.info/www/bejne/h6i2lqqLp6uDp7ssi=n52thvw6YcAljPLH 2.kzbin.info/www/bejne/hZakoZqImbiaiNEsi=WYclHocw8E5tzVvf

[@jagannathpanda3336]

Sir if someone invest in notified bond on 28.march . Is section 54EE time limit for him is 4 month because the last day of filling the return is 31 july and capital gain scheme is not available in 54EE ?

[@StudyAtHome]

Could you please clarify your query?

[@jagannathpanda3336]

@@StudyAtHome sir section 54EC which is a exempt section for capital gain. 1) long term capital asset has been transferred. Being land or building or both. 2) if the transferer invest with in 6 months from the date transfer in specific bond by government . 3)he is eligible for exemption of maximum 5000000. Sir my question is If someone one transfer in at the end of financial year i.e in 30.april. Will the 6 months period is still applicable because in between 31.july comes

[@StudyAtHome]

In this case, he will have to do it before filing return to claim exemption. So he doesn't get 6 months

[@sahilrathorfit1009]

sir can we take another classes apart from it.

[@geoegethomas5724]

How to pay surcharge and education cess? Please let me know.

[@StudyAtHome]

It is added to tax & paid along with Tax

[@BaishakhiDas-ef2ib]

Sir kisi ka capital income agar 2 crore se jayada hai aur others income 50 lakh se kam hai to usme surcharge ka rate kya hoga ? Response please

[@RandhirDubey-g6w]

Sir total income me sec 111A, 112, 112A ke sath sath dividend income bhi include hai kya ???bcz study material me including dividend bhi likha hai

[@StudyAtHome]

Yes, Included.

[@StudyAtHome]

Yes!

[@kanikabengani]

Sir Thank you so much! I have a doubt if Normal Income (Salary) is 4,90,00,000 (4.90 crore) and LTCG u/s 112A is 30,00,000 (30 lakhs) So under Old Regime, Surcharge applicable on Normal Income will be 37% or 25%

[@StudyAtHome]

25%

[@kanikabengani]

@@StudyAtHome Thank you Sir

[@theboys1210]

nice doubt bro @@kanikabengani

[@viveksonawane8240]

111A, 112, 112A 210 lakh 15% other 220 lakh 25% total income 430 lakh sir is this correct

[@samirverma554]

sir 1 video export and import pe bnao

[@sriram-w6w]

SIR IF WE EARN MORE THAN 50LAKHS AND BELOW 1 CRORE BY 111A,112,&112A, WE NEED TO PAY 10% SURCHARGE AND DO WE NEED TO PAY AGAIN 10% IF WE HAVE OTHER INCOME . THAT MEANS DO WE NEED TO PAY TAX THEN SURCHARGE OF 10% AND THEN AGAIN 10% ON THE TAXABLE INCOME FOR OTHER INCOME.

[@StudyAtHome]

No, on total you have to pay 10% Surcharge.

[@MilanBhati-z3y]

Sir default surcharge kya hoga , like if there is total income of x amount, so what we have assume include or disclude sec 11A,112,112A

[@StudyAtHome]

Excluding.

[@SriSaran-ve3wo]

Sir in previous video co operative society opting for sec 115 BAE has 10% surcharge but in this video there is no surcharge for co operative society opting for sec 115 BAE please explain sir or is it mistake in your material sir💛🇮🇳

[@rpatel7999]

sir , module me dividend income bhi btaya hai ,max. surg. 15% ......

[@StudyAtHome]

Yes, told this separately while teaching dividend income

[@rpatel7999]

Okay sir thank you

[@muskanrathee4770]

I have a doubt can someone plz explain it In ques 11 of ICAI module the surcharge is not calculated seperately even though the income is more than 2 CR ? Whyy ???

[@MuskanChopra8]

Bcoz Jo 111A,112,112A vali income par to 15% surcharge hi lgta isse upar ni jata or jo other income di huyi h vo 1,14,00,000 h mtlb more than 1crore or less than 2 crore or ispe bhi surcharge 15% hi lgta isliye ikatha hi 15 % lag gya....

[@muskanrathee4770]

@@MuskanChopra8 thanks 👍

[@kuldeeppianowala172]

Sir may 2024 ke exam ke liye yhh lectures follow kare na inn ke aalava koi paid course thodi purchase karna he

[@StudyAtHome]

Yes, whole course will be covered in this series and you will not have to pay for anything.

[@sonaliagrwal8736]

Which tax rate on Illegal and undisclosed income ?

[@StudyAtHome]

You'll get 2 videos on this topic in the coming week

[@ankitjha2]

❤️🙌

[@StudyAtHome]

🙌🏻😇

[@riyaranjan5966]

sir module ke numerical bhi karawaya jayega ya bs videos enough hain?

[@StudyAtHome]

These classes cover all variety of questions and are sufficient for your exams.

[@indiancitizen9979]

Dear Sir I hope this message finds you well. I have a question related to the STT and its setup in comparison to the GST input-output structure. I'm curious to understand whether STT functions in a manner similar to the GST input-output mechanism. It struck me that if these two systems differ, STT could potentially emerge as a substantial revenue source for the government. Given the considerably higher frequency of transactions in the stock exchange involving large-scale buying and selling, it appears that the number of transactions far exceeds those associated with property buying and selling.I greatly value your expertise and would appreciate your insights on this topic. Thank you for your time and consideration.

[@StudyAtHome]

India is following global tax system

[@gautamKumar-ci2ve]

Sir cma ke module me itna detail me nhi dia hai to kya hame ye sab detail me padhna padega ya jitna module me hai bus utna padhna padega please reply.... 🙏🏻

[@StudyAtHome]

Just follow what sir has taught in the lectures and that will be enough

[@gautamKumar-ci2ve]

​@@StudyAtHomeokk sir ❤

[@shashikantmurdeshwar4406]

Under New tax regim-Taxable income can be arrived for pensioner after deduction of Standard Deduction of Rs 50000 Is it correct?suppose total income of pensioner Rs 725000 less 50000 std deduction Taxable income Rs 675000 ie less 7 lacs Taking into 87A rebate no tax is payable for pensioner. Is tis correct ?-murdeshwar

[@StudyAtHome]

Yes.

[@sonaliagrwal8736]

Sir, Surcharge ke special income me 111, 112A, 112 ke sth dividend bhi lege kya

[@StudyAtHome]

No

[@khushibansal6080]

Sir total tax toh 1 crore 82 lakh 52 thousand five hundred hai. Sir ye toh 2 crore se kam hai toh apne 37% tax kaisa lagaya??

[@StudyAtHome]

Plz mention the time stamp

[@Btw_Jesszz]

112A=120 lakh and 111A =110 lakh on which basis we took it as 10%and 15%.. Sir plzz reply for my query ? It is not on surcharge bcz 120 lakh is more than 1 crore so it have to apply 15 % if in case it is on surcharge ...

[@StudyAtHome]

plz mention the time stamp from the video

[@Btw_Jesszz]

@@StudyAtHome Okie sir.. my dwt has cleared

[@paaninisharma546]

Sir new surcharge table konsi h? Only upto 15% wali ya 25% wali?

[@StudyAtHome]

Both are applicable based on type of income.

[@HeenaSharma-q4k]

Sir ye surcharge k lye dividend special income nhi hoti kya?

[@StudyAtHome]

Yes it is, i have covered dividend separately so you are missing it here.

[@HeenaSharma-q4k]

But sir mne to pura chp 1 complete dekha h ache s

[@travelincooking]

Sir do u you have business law and ethics Playlist for cma inter

[@StudyAtHome]

No. It's available on our website: www.studyathome.org/products/paper-5-business-laws-and-ethics-cma-inter-group-i-2022-syllabus-by-ca-aishwarya-khandelwal-kapoor/

[@gouravhada9494]

Could you please send the link of study at home app for pc

[@StudyAtHome]

Our application is for smartphones. Here's the link- app.studyathome.org/

[@gouravhada9494]

Sir smartphone p eyes ka issue rhta h or m job k sath cma kr rha hu 9 ghante screen dekhne k bad choti screen p possible nhi ho pata maine apki 5 classes purchase kri h

[@rashmithakur2332]

Sir I'm not able to understand these charges

[@StudyAtHome]

Kindly rewatch the lecture and drop your queries here.

[@partha146]

Sir plz english subtitles 🙏🙏

[@StudyAtHome]

For this video, English subtitles are already available. Subtitles for the remaining videos are currently in process and will be available soon. Thank you for your understanding and patience!

[@sidhesh15]

Sir iska logic kya hai ? Govt ne 15 % tax lagaya ager total income exceed kr rha 112,112A, 111A ke wazer se pr ager usko 2cr se exceed kr rha hai other income toh 25% or u/s 112 , 112A, 111A pay 15%

[@StudyAtHome]

The income which is taxable under these sections is from the stock market. Now, there are two reasons why the tax as well as surcharge is taken lower on these incomes: 1. Govt. encourages investment in the stock market 2. Govt. is already collecting STT on Stock Market Transactions.

[@cainterstudent5763]

27:56 pr koi btayega ki surcharge calculate krte hue 15% kyon Sec111A ki income m

[@StudyAtHome]

Did you not notice that even the tax on these income is less. The same way, surcharge on these income is lower.

[@virendrasinhvaghela6860]

❤❤

[@StudyAtHome]

🙌🏻

[@chandrapandey4878]

What is beyond limit? Making people fool

[@khushibansal6080]

2 crores ke baad bifergate karega na

[@StudyAtHome]

Yes

[@khushibansal6080]

@@StudyAtHome sir ek bar question check kariye I think usma calculation mistake Hui hai

[@nripendraku]

25:44 Yes sir ❤😊

[@fireshorts9169]

Sir greatful of you

[@umrahawais]

Thankyou sir 😊

[@StudyAtHome]

Most Welcome

[@CMBABDULAHAD]

Thank you sir

[@StudyAtHome]

You're Welcome!