Marginal Relief Calculator A.Y. 2024-25

Marginal Relief Calculator A.Y. 2024-25: There are many assessees, even tax professionals, who find it difficult to calculate marginal relief from their tax returns.  In this article, we have discussed in detail the concept of surcharges and marginal reliefs here. However, you can use the Marginal relief calculator to grab the complete concept of Marginal relief for Assessment year 2024-25 by trying lots of calculations. The persons who need this calculator in excel format, please comment with your email address. We will send you the Marginal relief calculator in excel format also.

Marginal Relief Calculator

  Marginal Relief Calculator  
Tax Payer
Income Above 50 Lakh or Not
Detail Explanation (How to Calculate Marginal Relief) 
Income Tax Calculation   
E Income Tax (As per Slab)    
F Surcharge    
G Tax Including Surcharge (E+F)    
H Education Cess on (G)    
I Total Tax (G+H)    
Marginal Relief Calculation  
Step 1 Tax on Total Income (Without Education Cess)
Step 2 Actual Surcharge Applicable 
Total Tax with Surcharge (Step 1 + Step 2)
Step 3
Step 4
Step 5 Additional Tax on Additional Income (i.e. Step 2 - Step 3)
Step 7  Marginal Relief (Additional Income - Additional Tax) 
Step 8 Surchage (Actual Surcharge - Marginal Relief) i.e Step 2 - Step 7   

Surcharge Calculation on Income Tax

Surcharge Calculation on Income Tax: Here is the table of assessee status, net income range and surcharge on income tax.

Assessee StatusNet Income RangeSurcharge % on Income Tax
Individuals/HUF/AOP/BOI/Artificial Juridical Person0 Rs.50 LakhNil
Rs.50 Lakh to Rs.1 Crore10%
Rs.1 Crore to Rs.2 Crore15%
Rs.2 Crore to Rs.5 Crore25%
Above Rs.5 Crore37%
Firm/Local Authority0 to Rs.1 CroreNil
Above Rs.1 Crore12%
Co-operative Society (A.Y. 2022-23)0 to Rs.1 CroreNil
Above Rs.1 Crore12%
Co-operative Society (A.Y. 2023-24)0 to Rs.1 CroreNil
Rs.1 Crore to Rs.10 Crore7%
Above Rs.10 Crore12%
Domestic Company0 to Rs.1 CroreNil
Rs.1 Crore to Rs.10 Crore7%
Above Rs.10 Crore12%
Foreign Company0 to Rs.1 CroreNil
Rs.1 Crore to Rs.10 Crore2%
Above Rs.10 Crore5%

Marginal Relief Income Range

Income Range of Marginal Relief Table: Here is the table of assessee status and income range where marginal relief is applicable.

Assessee StatusIncome Range for Marginal Relief Applicability
Resident Senior CitizenRs.50 Lakh to Rs.51.9552 Lakh
Rs.100 Lakh to Rs.102.145 Lakh
Rs.200 Lakh to Rs.209.296 Lakh
Rs.500 Lakh to Rs.530.173 Lakh
Resident Super Senior CitizenRs.50 Lakh to Rs.51.9402 Lakh
Rs.100 Lakh to Rs.102.1374 Lakh
Rs.200 Lakh to Rs.209.28 Lakh
Rs.500 Lakh to Rs.530.1528 Lakh
Any other Resident Individual, Any Non-Resident Individual, Any HUF or AOP/BOIRs.50 Lakh to Rs.51.9589 Lakh
Rs.100 Lakh to Rs.102.1469 Lakh
Rs.200 Lakh to Rs.209.30 Lakh
Rs.500 Lakh to Rs.530.1782 Lakh
FirmRs.100 Lakh to Rs.105.4216 Lakh
Co-operative SocietyRs.100 Lakh to Rs.105.4162 Lakh
Domestic Company (Tax Rate 25%)Rs.100 Lakh to Rs.102.389 Lakh
Rs.1000 Lakh to Rs.1017.3611Lakh
Domestic Company (Tax Rate 30%)Rs.100 Lakh to Rs.103.0927 Lakh
Rs.1000 Lakh to Rs.1022.59030 Lakh
Foreign CompanyRs.100 Lakh to Rs.101.3513 Lakh
Rs.1000 Lakh to Rs.1020.6896 Lakh