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          Income Tax

          Alternate Minimum Tax [AMT] Applicable to Persons other than a Company - A.Y. 2012-13 to A.Y. 2026-27

          Alternate Minimum Tax (AMT)

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          Alternate Minimum Tax for non-corporates: AMT charged on book profit with specified exceptions and applicable cess. AMT applies to specified non-corporate persons whose adjusted total income exceeds the prescribed threshold; it is calculated on book profit. The standard rate is 18.50% of book profit, subject to reduced rates for units (including units in IFSC) and a separate rate for cooperative societies. Adjusted total income and AMT terms are statutorily defined. After computing AMT on book profit, applicable surcharge and the education/health cess must be added as provided in the relevant assessment year.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Alternate Minimum Tax for non-corporates: AMT charged on book profit with specified exceptions and applicable cess.

                                AMT applies to specified non-corporate persons whose adjusted total income exceeds the prescribed threshold; it is calculated on book profit. The standard rate is 18.50% of book profit, subject to reduced rates for units (including units in IFSC) and a separate rate for cooperative societies. Adjusted total income and AMT terms are statutorily defined. After computing AMT on book profit, applicable surcharge and the education/health cess must be added as provided in the relevant assessment year.


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