https://www.taxtmi.com/manuals?id=320 Income tax rates for an AOP or BOI depend on whether members' shares are known or indeterminate and whether any member is taxed above the maximum marginal rate. Unknown or indeterminate shares attract the maximum marginal rate, while known shares may still be taxed at that rate where a member's other income exceeds the basic exemption limit. If a member is taxable at a higher rate, that member's share is taxed at the higher rate and the balance at the maximum marginal rate. In other cases, the normal individual rate applies. en-us Sat, 19 Jan 2008 23:16:00 +0530 Wed, 08 Apr 2026 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=320 Income tax rates for an AOP or BOI depend on whether members' shares are known or indeterminate and whether any member is taxed above the maximum marginal rate. Unknown or indeterminate shares attract the maximum marginal rate, while known shares may still be taxed at that rate where a member's other income exceeds the basic exemption limit. If a member is taxable at a higher rate, that member's share is taxed at the higher rate and the balance at the maximum marginal rate. In other cases, the normal individual rate applies. Manuals Income Tax Sat, 19 Jan 2008 23:16:00 +0530 https://www.taxtmi.com/manuals?id=320