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of <h1>Alternative Minimum Tax applies to taxpayers claiming specific deductions but exempts individuals with income under twenty lakh rupees</h1> Section 115JEE of the Income Tax Act establishes the applicability of Alternative Minimum Tax provisions to certain taxpayers. The chapter applies to persons claiming deductions under Chapter VI-A (excluding section 80P), section 10AA, or section 35AD. However, individuals, Hindu undivided families, associations of persons, bodies of individuals, and artificial juridical persons are exempt if their adjusted total income does not exceed twenty lakh rupees. Specified funds under section 10 are also excluded. Tax credits paid under section 115JC remain allowable under section 115JD regardless of other provisions.
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