MMR under Income Tax
Hello CA (self employed) (377 Points)
08 August 2020
What is the present MMR under Income Tax?
2 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 23 August 2020
Yes, Right...For all others purposes, Maximum Marginal Rate is 42.744% for AY 2020-21
but for Section 115TD accreted income Maximum Marginal Rate is 34.944% (30%+12% surcharge +4% cess)
but for Section 115TD accreted income Maximum Marginal Rate is 34.944% (30%+12% surcharge +4% cess)
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