https://www.taxtmi.com/manuals?id=316 Income tax for a local authority is generally stated at 30% of total income, with additional surcharge and cess depending on the relevant year. The table also notes Alternate Minimum Tax at 18.5% of book profit or adjusted total income in specified years, and a concessional 9% AMT for IFSC units deriving income solely from convertible foreign exchange. Earlier years show varying surcharge and cess components, including education cess and secondary and higher education cess. en-us Sat, 19 Jan 2008 23:16:00 +0530 Wed, 08 Apr 2026 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=316 Income tax for a local authority is generally stated at 30% of total income, with additional surcharge and cess depending on the relevant year. The table also notes Alternate Minimum Tax at 18.5% of book profit or adjusted total income in specified years, and a concessional 9% AMT for IFSC units deriving income solely from convertible foreign exchange. Earlier years show varying surcharge and cess components, including education cess and secondary and higher education cess. Manuals Income Tax Sat, 19 Jan 2008 23:16:00 +0530 https://www.taxtmi.com/manuals?id=316