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Income Tax Rates for Trusts

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....re Special provision of Tax in case of Certain Trusts - Section 311 Special provision of Tax in case of Business Trusts - Section 223 However, in certain specific cases, taxes are applicable at the following rates: Sr. No. Section Income Rate of Income Tax 1 307(3) Trust is created via written instrument AND trustee(s) receiving income on behalf of beneficiaries ....

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Full Text of the Document

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.... manner as taxed in the hands of a resident Individual. AMT is 18.50% of Book Profit / Adjusted total income. For more details on Alternate Minimum Tax (AMT), click here Special provision of Tax in case of Certain Trusts - Section 115TD Special provision of Tax in case of Business Trusts - Section 115UA However, in certain specific cases, taxes are applicable at the following r....

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