A surcharge on income tax is an additional fee that must be paid. It is an additional tax on individuals with higher inflows of income during a given fiscal year. The current rate of the income tax surcharge, which applies to both the old and the new tax regimes, is 10 per cent for income over Rs 50 lakh and up to Rs 1 crore. For income over Rs 1 crore and up to Rs 2 crore, the surcharge is 15 per cent. The levy is 25 per cent for income over Rs 2 crore and up to Rs 5 crore, and 37 per cent for income over Rs 5 crore.