Corporate tax rate revised, varying by domestic status; surcharge and health and education cess apply. Income tax rates for companies distinguish domestic and other companies, with domestic companies below a specified turnover threshold subject to a lower ... Summary
Corporate tax rate revised, varying by domestic status; surcharge and health and education cess apply.
Income tax rates for companies distinguish domestic and other companies, with domestic companies below a specified turnover threshold subject to a lower rate and others taxed at a higher rate. Surcharge is levied in graded bands for domestic and non domestic companies, with marginal relief caps limiting excess tax attributable to incomes above prescribed thresholds. Certain specified company cases attract a prescribed surcharge rate. A Health and Education Cess is levied on tax including surcharge, and marginal relief is not available in respect of that cess.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
