Guide to .. Tax Management ,Tax Planning and Tax Saving
 

Income-Tax Rates applicable for A.Y. 2018-19 and 2019-20 in case of ‘COMPANIES’

 

 

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

In case of Foreign Company –

  • Royalty received from Government or an Indian concern in pursuance of an agreement made by it with the Indian concern after March 31, 1961, but before April 1, 1976 or fees for rendering technical services in pursuance of an agreement made by it after February 29, 1964 but before April 1, 1976 and where such agreement has, in either case, been approved by the Central Government

 

  • Other Income

 

 

 

 

 

 

 

50

 

 

 

 

 

40

 

 

 

 

 

50

 

 

 

 

 

40

 

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)

Foreign company

Nil

2% (Note-1)

5% (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.
More ... Topics @ Taxation System
Basic Concepts on Tax Systems in India
Basis of Charge (Residential Status)
Capital & Revenue- A Distinction Between As Per Income Tax ACT. 1961
Exempted Incomes : www.IncomeTaxManagement.Com
Income Tax Rates / Tax Slabs (AY-2018-2019 & 2019-2020) : For Co-operative Society
Income Tax Rates / Tax Slabs (AY-2018-2019 & 2019-2020) : For Company
Income Tax Rates / Tax Slabs (AY-2014-2015 & 2015-2016) : For Individuals (Males and Females both below the age of 60 years), HUFs, AOPs, BOls
Income Tax Rates / Tax Slabs (AY-2018-2019 & 2019-2020) : For Minimum Alternate Tax [MAT]
Income Tax Rates / Tax Slabs (AY-2018-2019 & 2019-2020) : For Partnership Firm
Wealth Tax Rates for the (AY-2018-2019 & 2019-2020)
Income Tax Rates / Tax Slabs (AY-2018-2019 & 2019-2020)
Section-wise Other Income Tax Rates [AY-2018-2019 & 2019-2020] Specified In The Income Tax Act.
Tax Rates applicable under Sections 115-O and 115QA during A.Y. 2019-20
Tax Rates for Tax Collection at Source ( TCS) U/s 206C during the A.Y. 2019-20
Tax Rates for Tax Deduction at Source (TDS) during the A.Y. 2019-20
Tax on Income distributed by UTI / Mutual Fund under section 115R during A.Y. 2019-20
Tax Holiday - FREE TRADE ZONE (FTZ)[ Section 10A]
Tax Holiday : SPECIAL ECONOMIC ZONE [ SECTION 10AA]
Tax Holiday : 100% EXPORT ORIENTED UNDERTAKINS( 100% E.O.U.) [Section-10B]
Tax Holiday : INCOME FROM EXPORT OF ARTISTIC HANDMADE Wooden Articles[Section-10BA]
Tax Holiday- Deduction (Sections 80-IA)
Tax Holiday- Deduction (Sections -80-IAB)
Tax Holiday- Deduction (Sections - 80IB )
Tax Holiday- Deduction (Sections - 80IC)
FREE TRADE ZONE (FTZ)[ Section 10A] : Tax Holiday (Sections 10A, 10AA, 10B & 10BA)
SPECIAL ECONOMIC ZONE [ SECTION 10AA] : Tax Holiday (Sections 10A, 10AA, 10B & 10BA)
100% EXPORT ORIENTED UNDERTAKINS( 100% E.O.U.) : Tax Holiday (Sections 10A, 10AA, 10B & 10BA)
INCOME FROM EXPORT OF ARTISTIC HANDMADE : Tax Holiday (Sections 10A, 10AA, 10B & 10BA)
Taxation Systems in India
 
 
 
 
Get.. Tally.ERP9 Book + GST Practical Assignment @ Rs.550 Tally.ERP9 Book Online Order Tally.ERP9 Book Content
 
© 2018 : IncomeTaxManagement.Com