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of <h1>AY 2018-19: Domestic firms with 2015-16 turnover under Rs. 50 crore taxed at 25%; others at 30%. Surcharge varies.</h1> For the Assessment Year 2018-19, domestic companies with a turnover not exceeding fifty crore rupees in 2015-2016 are taxed at 25%, while others are taxed at 30%. Non-domestic companies retain the previous year's rates. Surcharge rates for domestic companies range from 7% to 12% based on income, while non-domestic companies face surcharges of 2% to 5%. Additional surcharges apply to specific sections at 12%. Education Cess and Secondary and Higher Education Cess are levied at 2% and 1% respectively, except in certain cases of tax deduction or collection at source for domestic companies and residents.
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