| Question And Answer | |
|---|---|
| Subject: | What is the Surcharge 37% or 25% under MMR if the AOP opted for New rigime |
| Category: | Income-Tax |
| Querist: | Abhishek |
| Answered by: | Law Intern |
| Tags: | Association of persons (AOP), MMR tax |
| Date: | April 1, 2026 |
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Under the new tax regime for an AOP, the surcharge on income tax is capped at maximum of 25%. The 37% surcharge applies only under the old tax regime for income exceeding ₹5 crore. It does not apply if the AOP has opted for the new regime.
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