https://www.taxtmi.com/manuals?id=313 Income tax for firms is prescribed at a uniform rate of 30% on total income for the stated assessment and tax years. For the later years covered, the regime also provides for Alternate Minimum Tax at 18.50% of book profit or adjusted total income, with a reduced 9% rate for a non-corporate assessee located in an International Financial Services Centre and deriving income in convertible foreign exchange. The schedule also notes surcharge, marginal relief, and cess requirements that vary across the periods covered. en-us Sat, 19 Jan 2008 23:16:00 +0530 Wed, 08 Apr 2026 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=313 Income tax for firms is prescribed at a uniform rate of 30% on total income for the stated assessment and tax years. For the later years covered, the regime also provides for Alternate Minimum Tax at 18.50% of book profit or adjusted total income, with a reduced 9% rate for a non-corporate assessee located in an International Financial Services Centre and deriving income in convertible foreign exchange. The schedule also notes surcharge, marginal relief, and cess requirements that vary across the periods covered. Manuals Income Tax Sat, 19 Jan 2008 23:16:00 +0530 https://www.taxtmi.com/manuals?id=313