Corporate tax rate differential maintained between smaller domestic companies and others, with surcharge rules and health and education cess applied. Rates of income-tax for companies confirm lower rate for domestic companies below the turnover threshold and higher rates for other domestic and ... Summary
Corporate tax rate differential maintained between smaller domestic companies and others, with surcharge rules and health and education cess applied.
Rates of income-tax for companies confirm lower rate for domestic companies below the turnover threshold and higher rates for other domestic and non-domestic companies; surcharge framework remains as prior year with exclusions for income of specified funds and capped surcharge treatment for incomes under the special domestic tax regime. Marginal relief is provided where surcharge is imposed. A Health and Education Cess is levied at a fixed percentage on income-tax inclusive of surcharge in all cases, with no marginal relief available for the cess.
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TaxTMI 
TaxTMI 
