Is Maximum Marginal Rate 30% ?
Sanmitra Sanjeev Ratnaparkhi (-) (223 Points)
10 April 2014Is Maximum Marginal Rate 30% ?
CA Deepesh Ruhela
(Keen to Learn)
(3271 Points)
Replied 10 April 2014
Yes, in case of Resident. 40% in case of Non Resident.
Sanmitra Sanjeev Ratnaparkhi
(-)
(223 Points)
Replied 10 April 2014
Thank you Sir!
Have a great time ahead!!
One last doubt, does NR, here, means a foreign company?
CA Deepesh Ruhela
(Keen to Learn)
(3271 Points)
Replied 10 April 2014
Sanmitra Sanjeev Ratnaparkhi
(-)
(223 Points)
Replied 10 April 2014
But, in case of individual NR, the max. rate is 30% (i.e. above 10L). Then how 40% ?
CA Deepesh Ruhela
(Keen to Learn)
(3271 Points)
Replied 11 April 2014
Sanmitra Sanjeev Ratnaparkhi
(-)
(223 Points)
Replied 11 April 2014
Please don't be sorry Sir!
BTW, Thanks for the help!
Have a great time ahead!!
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