Income Tax Rates for Firms

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....ucation Cess - 4% of such income-tax and surcharge. ======================== Rates for the Assessment Year 2026-27 Rate of Tax is 30% - On the whole of the total income AMT is levied @18.50% of Book Profit / Adjusted total income. However, AMT is levied @ 9% in case of Non-Corporate Assessee, located in International Financial Services Centre and deriving its income in convertible foreign exchange Notes: Note 1: - Add Surcharge If income exceeds Rs. 1 Crores - 12% on Normal tax or tax under sections 111A, 112, 112A . Surcharge is subject to marginal Relief.  Note 2: - Add Health and Education Cess - 4% of such income-tax and surcharge. ==================....

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....d Surcharge - 12% if income exceeds Rs. 1 Crores. Surcharge is subject to marginal Relief. Note 2: - Add Health and Education Cess - 4% of such income-tax and surcharge. ======================== Rates for the Assessment Year 2022-23 Rate of Tax is 30% AMT is 18.50% of Book Profit / Adjusted total income. Notes: Note 1: - Add Surcharge - 12% if income exceeds Rs. 1 Crores. Surcharge is subject to marginal Relief. Note 2: - Add Health and Education Cess - 4% of such income-tax and surcharge. ======================== Rates for the Assessment Year 2021-2022 Rate of Tax is 30% AMT is 18.50% of Book Profit / Adjusted total income. Notes: Note 1: - Add....

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....ducation Cess - SHE. Cess is 1% of Income Tax ========================   Rates for the Assessment Year 2017-2018 Click here for Alternate Minimum Tax (AMT) Rate of Tax is 30% Notes: Note 1: - Add Surcharge - 12% if income exceeds Rs. 1 Crores. Surcharge is subject to marginal Relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ========================   Rates for the Assessment Year 2016-2017 Click here for Alternate Minimum Tax (AMT) Rate of Tax is 30% Notes: Note 1: - Add Surcharge - 12% if income exceeds Rs. 1 Crores. Surcharg....

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....   Rates for the Assessment Year 2012-2013 Click here for Alternate Minimum Tax (AMT) - for LLP Rate of Tax is 30% Notes: Note 1: - Add Surcharge - Nil Note 2: - Add Education Cess - E. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ========================   Rates for the Assessment Year 2011-2012 Rate of Tax is 30% Notes: Note 1: - Add Surcharge - Nil Note 2: - Add Education Cess - E. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ========================   Rates for the Assessment Year 2010-2011 Rate of Tax is 30% Notes: Note 1: - Add Surcha....