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of <h1>AMT Calculation: 18.5% of Adjusted Income; Surcharge Varies by Income and Company Type; 4% Health Cess Applies.</h1> The Alternate Minimum Tax (AMT) is calculated as the higher of the income tax payable under normal provisions or 18.5% of the adjusted total income. If the net total income exceeds 1 crore but not 10 crore, a surcharge of 7% applies for domestic companies and 2% for foreign companies. For income exceeding 10 crore, the surcharge is 12% for domestic companies and 5% for foreign companies, subject to marginal relief. Additionally, a health and education cess of 4% is applied to the income tax.
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