An advance rate is the percentage amount of the value of the collateral that a lender is willing to extend as a loan. The risk to a lender is minimized in a default by using an advance rate, Surcharge: - 10% of income tax where total income exceeds Rs. 50,00,000. Health and Education cess: - 4% of income tax and surcharge. Note: - A resident individual is entitled for rebate under section 87A if his total income does not exceed Rs. 5,00,000. The amount of rebate shall be 100% of income-tax or Rs. 12,500, whichever is less. The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail.. The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts.