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Hello CA (self employed)     08 August 2020

MMR under Income Tax

What is the present MMR under Income Tax?


 2 Replies

priyanka pal

priyanka pal   08 August 2020

42.74%
Sagar Patel

Sagar Patel (Tax and Business Consultant)     23 August 2020

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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