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of <h1>Finance Bill 2019: Domestic Companies' Tax Rates Set at 25% for Turnover Under Rs. 400 Crore, Surcharge and Cess Apply.</h1> The Finance Bill 2019 specifies tax rates for companies. Domestic companies with a turnover not exceeding 400 crore rupees in 2017-18 are taxed at 25%, while others are taxed at 30%. Non-domestic companies follow the 2018-19 rates. A surcharge of 7% applies to domestic companies with income over one crore rupees, increasing to 12% if income exceeds ten crore rupees. Non-domestic companies face a 2% surcharge for income over one crore rupees, rising to 5% for income over ten crore rupees. An additional 4% Health and Education Cess is levied on all taxes, with no marginal relief provided.
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