Advanced Income Tax Act 2025
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Is Maximum Marginal Rate 30% ?
Yes, in case of Resident. 40% in case of Non Resident.
Thank you Sir!
Have a great time ahead!!
One last doubt, does NR, here, means a foreign company?
But, in case of individual NR, the max. rate is 30% (i.e. above 10L). Then how 40% ?
Please don't be sorry Sir!
BTW, Thanks for the help!
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