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Maximum marginal rate

Tax queries 675 views 6 replies

Is Maximum Marginal Rate 30% ?

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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