https://www.taxtmi.com/manuals?id=1205 Alternate Minimum Tax requires taxpayers to pay the higher of tax computed under normal provisions or a tax based on a fixed share of Adjusted Total Income. Applicable surcharges increase tax where net total income exceeds specified thresholds with different surcharge percentages for domestic and foreign companies and are subject to marginal relief. A Health and Education Cess is then levied on income tax to determine final payable tax. en-us Wed, 23 Sep 2015 16:00:00 +0530 Fri, 17 May 2024 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1205 Alternate Minimum Tax requires taxpayers to pay the higher of tax computed under normal provisions or a tax based on a fixed share of Adjusted Total Income. Applicable surcharges increase tax where net total income exceeds specified thresholds with different surcharge percentages for domestic and foreign companies and are subject to marginal relief. A Health and Education Cess is then levied on income tax to determine final payable tax. Manuals Income Tax Wed, 23 Sep 2015 16:00:00 +0530 https://www.taxtmi.com/manuals?id=1205