Is Maximum Marginal Rate 30% ?
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Maximum marginal rate
Replies (6)
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?
yes...individual non resident and foreign company.
But, in case of individual NR, the max. rate is 30% (i.e. above 10L). Then how 40% ?
sorry...you are right...maximum marginal rate for individual NR, is 30 % and for foreign company it is 40%.
Please don't be sorry Sir!
BTW, Thanks for the help!
Have a great time ahead!!
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