Income Tax Rates for AOP, BOI - (New) Section 311 / (Old) Section 167B

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....f Income Tax Shares UNKNOWN or indeterminate If the shares of members in an AOP or BOI are indeterminate or unknown Maximum Marginal Rate (i.e. 30% + Surcharge + Cess) If any member of AOP/BOI total income is chargeable to tax at a rate which is higher than the maximum marginal rate. Such higher rate Shares KNOWN (i) Any member's other income (excludi....

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....961 Income Tax Rates for AOP, BOI AMT is 18.50% of Book Profit / Adjusted total income. For more details on Alternate Minimum Tax (AMT), click here Sr. No. Section Situation Income Rate of Income Tax 1 167B(1)   Shares UNKNOWN or indeterminate (i) If the shares of members in an AOP or BOI are indeterminate or unknown (excluding a company,....