Trust income taxation follows trust type and beneficiary shares, with special rates for business income, discretionary trusts, and public trusts. Trust income is generally taxed in the same manner as income of a resident individual, with alternate minimum tax applying at 18.5% of book profit or adjusted total income. Special rate provisions depend on the nature of the trust and the income: business income in certain private trusts is taxed at the maximum marginal rate, determinate private trusts are taxed at beneficiary rates, discretionary and oral trusts attract the maximum marginal rate, and public trust income may be taxed as an association of persons or at the maximum marginal rate where exemption is forfeited. Surcharge and cess apply in the same manner as for an individual or association of persons, as applicable.