Monday, 25 May 2015

Domestic Company income tax Rate

F. Domestic Company
i. Income-Tax : 30% of total income.
ii. Surcharge : The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be increased by a surcharge at the rate of 5% of such income tax, provided that the total income exceeds Rs. 1 crore.
iii. Education Cess : 3% of the total of Income-tax and Surcharge.

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