Surcharge Rate charging for Family Trust (Not created through `will ) for AY 2026-27 - As per New Tax Regime 115BAC

[PRIYAM KHAMBHATA]

Dear Sir

A - Family Trust (Not created through `will) having not determined shares of members and estimated total income exceeds of Rs. 5,00,00,000 for FY 2025-26. What would be tax charging rate (i) slab rate or (ii) MMR.  If MMR will be charged then what would be the rate of surchare. (i) 37% or (ii) 25%. 

Please guide me 

 

AI Summary

Tax Implications for Family Trust with Unspecified Shares Seeking Clarity on Income Taxation under Section 115BAC A family trust not created through a will, with undetermined member shares and estimated income exceeding Rs. 5,00,00,000 for FY 2025-26, seeks clarification on applicable tax rates under the new tax regime 115BAC. The query focuses on determining whether slab rates or Minimum Alternate Rate (MAR) will apply, and the corresponding surcharge percentage.