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Alternate minimum tax
how to calculate AMT?
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Calculation of Adjusted Total Income
Adjusted total income and AMT is arrived in the following manner:
| Particulars | Amount (in Rs) |
| Taxable income (A) | XXXXX |
| Add: Deduction claimed if any under Chapter VI-A from 80H to 80RRB except 80P (B) | XXXXX |
| Deduction claimed if any under Section 10AA (C) | XXXXX |
| Deduction claimed if any under Section 35AD reduced by regular depreciation allowed (D) | XXXXX |
| Adjusted total income (E) = (A)+(B)+(C)+(D) | XXXXX |
| AMT – 18.5% of (E) | XXXXX |
Computation of Tax Liability When AMT Provisions are Applicable
| Particulars | Amount (in Rs) |
| Tax liability computed as per normal provisions of the Income-tax Act – normal tax liability | XXXX |
| AMT computed at 18.5% (plus applicable surcharge and cess) on adjusted total income | XXXX |
| Tax liability of taxpayer | Higher of the above |
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