What are the tax laws in the case of Minor? Suppose the minor account made a profit of 2L in a year and the patent come under 20% tax slab, does minor need to pay 20%?

Zerodha (Trade with the best stock broker)

The minor income is added in father or mother whose income is more.

Minor doesn't have to file separate tax returns.

'Any income that accrues or is paid to a minor is added to the parent's income under section 64(1A) and the parent will be taxed just like if it were their own income.'


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