AI OCR 
TaxTMI 
TaxTMI 
TaxTMI 
Income Tax Rates for Companies
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....nce, if any, of the total income. 35%. Note Note 1:- Surcharge on income-tax • If net income exceeds Rs. 1 crore but not exceeding Rs. 10 Crore • in case of domestic companies - 7% of income-tax • in case of foreign companies - 2% of Income-tax • if net income exceeds Rs. 10 Crore • in case of domestic companies - 12% of income-tax • in case of foreign companies - 5% of Income-tax • Surcharge is subject to marginal Relief. Note 2: - Add Health and Education Cess - 4% of Income Tax and surcharge 2. Minimum Alternate Tax for the Tax Year 2026-27 Company Rate of Minimum Alternate Tax In case of domestic company *9%/14% of book profit In case of foreign Company 14% of book profit Notes: Note 1: - *MAT is levied at the rate of 9% in case of a company, being a unit of an International Financial Services Centre and deriving its income solely in convertible foreign exchange. Note 2 :- Add Surcharge • If net income exceeds Rs. 1 crore but not exceeding Rs. 10 Crore • in case of domestic compani....
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....ook profit Notes: Note 1: - *MAT is levied at the rate of 9% in case of a company, being a unit of an International Financial Services Centre and deriving its income solely in convertible foreign exchange. Note 2 :- Add Surcharge • If net income exceeds Rs. 1 crore but not exceeding Rs. 10 Crore • in case of domestic companies - 7% of income-tax • in case of foreign companies - 2% of Income-tax • if net income exceeds Rs. 10 Crore • in case of domestic companies - 12% of income-tax • in case of foreign companies - 5% of Income-tax • Surcharge is subject to marginal Relief. Note 3: - Add Health and Education Cess - 4% of Income Tax and Surcharge =========================== 1. Rates For the Assessment Year 2025-26 Company Rate of Income Tax In the case of a domestic company (a) Where its total turnover or the gross receipt in the previous year 2021-22 does not exceed Rs. 400 crore; 25% (b) In case of domestic company other than above (a) [ i.e. Turnover Exceeds Rs. 400 Crore] 30%....
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....sment Year 2024-25 Company Rate of Income Tax In the case of a domestic company (a) Where its total turnover or the gross receipt in the previous year 2020-21 does not exceed Rs. 400 crore; 25% (b) In case of domestic company other than above [ i.e. Turnover Exceeds Rs. 400 Crore] 30% In case of foreign Company - Royalty received from Government or an Indian Concern in pursuance of an agreement made by it with the Indian concern after March 31, but before April 1, 1976, or fees for rendering technical services in pursuance of an agreement made by it after February 29, 1964 but before April 1, 1976 and where such agreement has, in either case, been approved by central Government 50% - Other Income 40% Notes: Note 1: - Add Surcharge • If net income exceeds Rs. 1 crore but not exceeding Rs. 10 Crore • in case of domestic companies - 7% of income-tax • in case of foreign companies - 2% of Income-tax • if net income exceeds Rs. 10 Crore • in case of domestic companies - 12% of income-tax • in case of fo....
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....e is subject to marginal Relief. Note 2: - Add Health and Education Cess - 4% of Income Tax and Surcharge 2. Minimum Alternate Tax for the Assessment Year 2023-24 Company Rate of Minimum Alternate Tax In case of domestic company *9%15% of book profit In case of foreign Company 15% of book profit Notes: Note 1: - *MAT is levied at the rate of 9% in case of a company, being a unit of an International Financial Services Centre and deriving its income solely in convertible foreign exchange. Note 2 :- Add Surcharge • If net income exceeds Rs. 1 crore but not exceeding Rs. 10 Crore • in case of domestic companies - 7% of income-tax • in case of foreign companies - 2% of Income-tax • if net income exceeds Rs. 10 Crore • in case of domestic companies - 12% of income-tax • in case of foreign companies - 5% of Income-tax • Surcharge is subject to marginal Relief. Note 2: - Add Health and Education Cess - 4% of Income Tax and Surcharge =========================== 1. Rates For the Assessment Year 2022-2....
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....or the gross receipt in the previous year 2018-19 does not exceed Rs. 400 crore; 25% In case of domestic company other than above 30% In case of foreign Company - Royalty received from Government or an Indian Concern in pursuance of an agreement made by it with the Indian concern after March 31, but before April 1, 1976, or fees for rendering technical services in pursuance of an agreement made by it after February 29, 1964 but before April 1, 1976 and where such agreement has, in either case, been approved by central Government 50% - Other Income 40% Notes: Note 1: - Add Surcharge • If net income exceeds Rs. 1 crore but not exceeding Rs. 10 Crore • in case of domestic companies - 7% of income-tax • in case of foreign companies - 2% of Income-tax • if net income exceeds Rs. 10 Crore • in case of domestic companies - 12% of income-tax • in case of foreign companies - 5% of Income-tax • Surcharge is subject to marginal Relief. Note 2: - Add Health and Education Cess - 4% of Income Tax 2. Minimum Alternate Ta....
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.... Rate of Minimum Alternate Tax In case of domestic company *9%/18.50% of book profit In case of foreign Company 18.50% of book profit Notes: Note 1: - Add Surcharge • If net income exceeds Rs. 1 crore but not exceeding Rs. 10 Crore • in case of domestic companies - 7% of income-tax • in case of foreign companies - 2% of Income-tax • if net income exceeds Rs. 10 Crore • in case of domestic companies - 12% of income-tax • in case of foreign companies - 5% of Income-tax • Surcharge is subject to marginal Relief. Note 2: - Add Health and Education Cess - 4% of Income Tax and Surcharge Note 3:- *MAT is levied at the rate of 9% in case of a company, being a unit of an International Financial Services Centre and deriving its income solely in convertible foreign exchange. =========================== 1. Rates For the Assessment Year 2019 - 2020 Company Rate of Income Tax Where its total turnover or the gross receipt in the previous year 2016-17 does not exceed two hundreds and fifty crore rupees; 25% I....
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....eign Company - Royalty received from Government or an Indian Concern in pursuance of an agreement made by it with the Indian concern after March 31, but before April 1, 1976, or fees for rendering technical services in pursuance of an agreement made by it after February 29, 1964 but before April 1, 1976 and where such agreement has, in either case, been approved by central Government 50% - Other Income 40% Notes: Note 1: - Add Surcharge • If net income exceeds Rs. 1 crore but not exceeding Rs. 10 Crore • in case of domestic companies - 7% of income-tax • in case of foreign companies - 2% of Income-tax • if net income exceeds Rs. 10 Crore • in case of domestic companies - 12% of income-tax • in case of foreign companies - 5% of Income-tax • Surcharge is subject to marginal Relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax plus surcharge 2. Minimum Alternate Tax for the Assessment Yea....
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....2% of Income Tax plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax plus surcharge 2. Minimum Alternate Tax for the Assessment Year 2017 - 2018 Company Rate of Minimum Alternate Tax In case of domestic company *9%/18.50% of book profit In case of foreign Company 18.50% of book profit Notes: Note 1: - Add Surcharge • If net income exceeds Rs. 1 crore but not exceeding Rs. 10 Crore • in case of domestic companies - 7% of income-tax • in case of foreign companies - 2% of Income-tax • if net income exceeds Rs. 10 Crore • in case of domestic companies - 12% of income-tax • in case of foreign companies - 5% of Income-tax • Surcharge is subject to marginal Relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax plus surcharge Note 4:- *MAT is levied at the rate of 9% in case of a company, being a unit of an International Fi....
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....ar 2015 - 2016 Company Rate of Income Tax In case of domestic company 30% In case of foreign Company - Royalty received from Government or an Indian Concern in pursuance of an agreement made by it with the Indian concern after March 31, but before April 1, 1976, or fees for rendering technical services in pursuance of an agreement made by it after February 29, 1964 but before April 1, 1976 and where such agreement has, in either case, been approved by central Government 50% - Other Income 40% Notes: Note 1: - Add Surcharge • Rate of Surcharge is 5% of income-tax and in case of domestic companies and 2% in case of foreign companies if net income exceeds Rs. 1 crore but not exceeding Rs. 10 Crore in either case. • Rate of Surcharge will be 10% of income-tax in case of domestic companies and 5% in case of foreign companies if net income exceeds Rs. 10 Crore either case. • Surcharge is subject to marginal Relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE....
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....e Tax In case of domestic company 18.50% of book profit In case of foreign Company 18.50% of book profit Notes: Note 1: - Add Surcharge • Rate of Surcharge is 5% of income-tax and in case of domestic companies and 2% in case of foreign companies if net income exceeds Rs. 1 crore but not exceeding Rs. 10 Crore in either case. • Rate of Surcharge will be 10% of income-tax and in case of domestic companies and 5% in case of foreign companies if net income exceeds Rs. 10 either case. • Surcharge is subject to marginal Relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax plus surcharge =========================== 1. Rates For the Assessment Year 2013-2014 Company Rate of Income Tax In case of domestic company 30% In case of foreign Company - Royalty received from Government or an Indian Concern in pursuance of an agreement made by it with the Indian concern after March 31, but before April 1, 1976, or fees fo....
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....rge 2. Minimum Alternate Tax for the Assessment Year 2012-2013 Company Rate of Minimum Alternate Tax In case of domestic company 18.50% of book profit In case of foreign Company 18.50% of book profit Notes: Note 1: - Add Surcharge • Rate of Surcharge is 5% of income-tax and in case of domestic companies and 2% in case of foreign companies if net income exceeds Rs. 1crore in either case. • Surcharge is subject to marginal Relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax plus surcharge =========================== 1. Rates For the Assessment Year 2011-2012 Company Rate of Income Tax In case of domestic company 30% In case of foreign Company - Royalty received from Government or an Indian Concern in pursuance of an agreement made by it with the Indian concern after March 31, but before April 1, 1976, or fees for rendering technical services in pursuance of an agreement made by it after February 29, 1964 but before April 1, 1976 and where such agreement has, in e....
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....10) plus surcharge 2. Minimum Alternate Tax for the Assessment Year 2010-2011 Company Rate of Minimum Alternate Tax In case of domestic company 15% of book profit In case of foreign Company 15% of book profit Notes: Note 1: - Add Surcharge • Rate of Surcharge is 10% of income-tax (Rebate u/s 88E is not available w.e.f. AY 2009-10) and in case of domestic companies and 2.5% in case of foreign companies if net income exceeds Rs. 1 crore in either case. • Surcharge is subject to marginal Relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax (Rebate u/s 88E is not available w.e.f. AY 2009-10) plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax (Rebate u/s 88E is not available w.e.f. AY 2009-10) plus surcharge =========================== 1. Rates For the Assessment Year 2009-2010 Company Rate of Income Tax In case of domestic company 30% In case of foreign Company - Royalty received from Government or an Indian Concern in pursuance of an agreement made by it with the Indian concern after March 31, but before April 1, 1976, ....
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....if any) and in case of domestic companies and 2.5% in case of foreign companies if net income exceeds Rs. 1 crore in either case. • Surcharge is subject to marginal Relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax (minus rebate u/s 88E) plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax (minus rebate u/s 88E) plus surcharge 2. Minimum Alternate Tax for the Assessment Year 2008-2009 Company Rate of Minimum Alternate Tax In case of domestic company 10% of book profit In case of foreign Company 10% of book profit Notes: Note 1: - Add Surcharge • Rate of Surcharge is 10% of income-tax (After deducting Rebate u/s 88E if any) and in case of domestic companies and 2.5% in case of foreign companies if net income exceeds Rs. 1 crore in either case. • Surcharge is subject to marginal Relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax (minus rebate u/s 88E) plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax (minus rebate u/s 88E) plus surcharge =========================== 1. Rates....