Normal ‘Tax Rates’ Applicable To A ‘Domestic Company’
(A.Y. 2019-2020 i.e. F.Y. 2018-2019)

 

 

Company

Rate of income-tax (per cent)

 

Assessment Year 2018-19

Assessment Year 2019-20

In the case of Domestic Company –

  • Where its Total Turnover or Gross Receipt during the previous year 2015-16 does not exceed Rs. 50 Crore

 

  • Where its Total Turnover or Gross Receipt during the previous year 2016-17 does not exceed Rs. 250 Crore

 

  • Any other Domestic Company

 

25

 

 

 

 

NA

 

 

30

 

 

NA

 

 

 

 

25

 

 

30

 

Surcharge - Surcharge is applicable at the rates given below—

 

If Net Income does not exceed Rs. 1 Crore

If Net Income is in range of Rs. 1 Crore – Rs. 10 Crore

If Net Income exceed Rs. 10 Crore

Domestic company

Nil

7% (Note-1)

12% (Note-2)

 

Note -1

Marginal relief - In the case of a company having a net income of exceeding Rs. 1 crore, the amount payable as income- tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore.

Note -2

Marginal relief - in the case of a company having a net income of exceeding Rs. 10 crore, the amount payable as income- tax and surcharge shall not exceed the total amount payable as income-tax and surcharge on total income of Rs. 10 crore by more than the amount of income that exceeds Rs. 10 crore.

s           Education Cess ( for assessment year 2018-19)- It is 2% of income-tax and surcharge.

s           Secondary and Higher Education Cess (for assessment year 2018-19) - It is 1% of income-tax and surcharge.

s           Health and Education Cess ( for assessment year 2019-20) - It is 4% of income-tax and surcharge.

 
 

 
 
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