Surcharge
The amount of income-tax computed in accordance with the preceding provisions of this Paragraph,[Paragraph A of Part I of The First Schedule]
or the provisions of section 111A or section 112, shall,
in the case of every individual or Hindu undivided family or association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Income-tax Act,
having a total income exceeding one crore rupees, be increased by a surcharge for the purposes of the Union calculated at the rate of fifteen per cent. of such income-tax:
Marginal Relief
Provided that in the case of persons mentioned in this Paragraph, having total income exceeding one crore rupees,
the total amount payable as income-tax and surcharge on such income shall not exceed
the total amount payable as income-tax on a total income of one crore rupees
by more than the amount of income that exceeds one crore rupees.