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Section - 2(29C), Maximum marginal rate defined under (IT Act, 1961)

Definitions of "maximum marginal rate"

"Maximum marginal rate" means the rate of income-tax (including surcharge on income-tax, if any) applicable in relation to the highest slab of income in the case of an individual, association of persons or, as the case may be, body of individuals as specified in the Finance Act of the relevant year ;

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Section - 2(29C), Maximum marginal rate defined under (IT Act, 1961)

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Section - 2(29C), Maximum marginal rate defined under (IT Act, 1961)