TMI BlogIncome Tax Rates for TrustsX X X X Extracts X X X X X X X X Extracts X X X X ..... n 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 rates: Sr. No. Section Income Rate of Income Tax 1 161(1A) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as AOP 6 164(2) Public Trust If exemption is forfeited due to contravention u/s 13 30% (Maximum Marginal Rate) Note : - Surcharge, Education Cess and Secondary and Higher Education Cess or Health and Education Cess, as the case may be, are applicable in the same manner as applicable to Individual / AOP as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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