Alternate Minimum Tax [AMT] Applicable to Persons other than a Company - A.Y. 2012-13 to A.Y. 2023-24

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..... Notes: Note 1: - Add Surcharge - For rates see the Regular Tax slabs for each type of assessee Note 2: - Add Health and Education Cess - 4% of Income Tax =========================== Alternate Minimum Tax for the Assessment Year 2022-23 Assessee Rate of Minimum Alternate Tax Specified persons u/s 115JEE where adjusted total income exceeds ₹ 20 Lacs in case of non-corporate assessee 1. Adjusted total income has been defined u/s 115JC(2) 2. Certain terms for the purpose of AMT have been defined u/s 115JF * 18.50% of book profit - U/s 115JC (1) * Exception: * 9% in case of "unit" - U/s 115JC (4) Notes: Note 1: - Add Surcharge - For rates see the Regular Tax slabs for each type of assessee Note 2: - Add Healt....

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....7; 25 Lacs in case of non-corporate assessee 1. Adjusted total income has been defined u/s 115JC(2) 2. Certain terms for the purpose of AMT have been defined u/s 115JF * 18.50% of book profit - U/s 115JC (1) * Exception: * 9% in case of "unit" - U/s 115JC (4) Notes: Note 1: - Add Surcharge - For rates see the Regular Tax slabs for each type of assessee Note 2: - Add Health and Education Cess - 4% of Income Tax =========================== Alternate Minimum Tax for the Assessment Year 2018-2019 Assessee Rate of Minimum Alternate Tax Specified persons u/s 115JEE where adjusted total income exceeds ₹ 25 Lacs in case of non-corporate assessee 18.50% of book profit (U/s 115JC) Notes: Note 1: - Add Surcharge - F....

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....Minimum Tax for the Assessment Year 2015-2016 Assessee Rate of Minimum Alternate Tax Specified persons u/s 115JEE where adjusted total income exceeds ₹ 25 Lacs in case of non-corporate assessee 18.50% of book profit (U/s 115JC) Notes: Note 1: - Add Surcharge - 10% if income exceeds ₹ 1 Crores - with marginal relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax & Surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax & Surcharge =========================== Alternate Minimum Tax [AMT] Applicable to Persons other than a Company Alternate Minimum Tax for the Assessment Year 2014-2015 Assessee Rate of Minimum Alternate Tax Specified persons u/s 115JEE where adjusted to....