https://www.taxtmi.com/manuals?id=317 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. en-us Sat, 19 Jan 2008 23:16:00 +0530 Wed, 23 Jul 2025 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=317 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. Manuals Income Tax Sat, 19 Jan 2008 23:16:00 +0530 https://www.taxtmi.com/manuals?id=317