Surcharge on discretionary AOP/TRUST for AY 25-26
This query is : Resolved
20 March 2026
What is the Tax rate and surcharge rate for discretionary Trust for AY 25-26?
20 March 2026
For AY 2025-26, a discretionary trust is taxed at the Maximum Marginal Rate of 30%. According to recent judicial clarifications, the surcharge is not fixed at the maximum but applies based on your total income slabs (e.g., 0% if income is below ₹50 Lakh). Total effective tax for most trusts below the ₹50 Lakh threshold will be 31.2%.
20 March 2026
we have filed return under new tax regime i.e. u/s 115BAC and our Income is above 1 crore and below 2 crore . CPC has calculated surcharge @37% in order 143(1) is it correct?
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