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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 

 

Surcharge for family trust taxation under new tax regime: whether slab rates or maximum marginal rate applies and which surcharge attaches. Whether a family trust not constituted by will, with undetermined member shares and projected total income exceeding the specified threshold for FY 2025-26, is taxed under the slab structure or at the Maximum Marginal Rate under the new tax regime for AY 2026-27, and if MMR applies which surcharge rate attaches to that marginal rate. (AI Summary)
Income Tax
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