MMR under Income Tax

What is the present MMR under Income Tax?
Replies (2)
Quick Summary
The Maximum Marginal Rate (MMR) under Income Tax for AY 2020-21 stands at 42.74% for most purposes. However, for Section 115TD accreted income, a different rate applies. This specific rate is calculated as 34.944%, incorporating the base tax rate, surcharge, and cess.

42.74%
Yes, Right...For all others purposes, Maximum Marginal Rate is 42.744% for AY 2020-21
but for Section 115TD accreted income Maximum Marginal Rate is 34.944% (30%+12% surcharge +4% cess)

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