Maximum marginal rate

Tax queries 644 views 6 replies
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223 Points Joined March 2014

Is Maximum Marginal Rate 30% ?

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On 10 April 2014 at 19:48 Report
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Keen to Learn
3271 Points Joined August 2010

Yes, in case of Resident. 40% in case of Non Resident. 

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On 10 April 2014 at 21:36
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223 Points Joined March 2014

Thank you Sir!

Have a great time ahead!!

One last doubt, does NR, here, means a foreign company?

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On 10 April 2014 at 22:48
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Keen to Learn
3271 Points Joined August 2010
yes...individual non resident and foreign company.
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On 10 April 2014 at 22:54
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223 Points Joined March 2014

But, in case of individual NR, the max. rate is 30% (i.e. above 10L). Then how 40% ?

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On 10 April 2014 at 22:57
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Keen to Learn
3271 Points Joined August 2010
sorry...you are right...maximum marginal rate for individual NR, is 30 % and for foreign company it is 40%.
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On 11 April 2014 at 05:02
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223 Points Joined March 2014

Please don't be sorry Sir!

BTW, Thanks for the help!

Have a great time ahead!!

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On 11 April 2014 at 19:47


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