Maximum Marginal Rate defines the applicable tax rate for the highest income slab including surcharge under the Finance Act. Maximum Marginal Rate denotes the rate of income-tax, inclusive of any surcharge, that applies to the highest taxable income slab for individuals, associations of persons and bodies of individuals as determined for the relevant year by the Finance Act.
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Provisions expressly mentioned in the judgment/order text.
Maximum Marginal Rate defines the applicable tax rate for the highest income slab including surcharge under the Finance Act.
Maximum Marginal Rate denotes the rate of income-tax, inclusive of any surcharge, that applies to the highest taxable income slab for individuals, associations of persons and bodies of individuals as determined for the relevant year by the Finance Act.
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