Income Tax Rates for Foreign Companies in India (AY 2023-24)
The rates of income tax, surcharge, HEC and MAT, applicable in the case of foreign companies in India in respect of AY 2023-24.
Tag: Tax Slabs / Rates
Alternate Minimum Tax (AMT) for Non-corporate Taxpayers (AY 2023-24)
Explore the concept of Alternate Minimum Tax (AMT) applicable to non-corporate taxpayers benefiting from deductions and exemptions from the perspective of provisions for AY 2023-24.
Section 2(29C) Income Tax: Maximum Marginal Rate – Meaning
As per Section 2(29C) of Income Tax Act, 1961, unless the context otherwise requires, the term “maximum marginal rate” means the rate of income-tax (including surcharge on income-tax, if …
Marginal Relief from Surcharge on Income Tax: AY 2022-23
For AY 2022–23, assessees can claim marginal relief from the surcharge on income tax to mitigate the effect of the additional tax burden that is over and above the …