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Rate of Income Tax For "Company"
For A.Y. 2014-2015 & A.Y. 2015-2016

Type of Company

Rates of Income-tax

1. A Domestic Company

30%

2. A Foreign Company where income consists of :-

(i)      royalties received from Government or an Indian concern under an agreement made after March31, 1961, but before April 1, 1976, or fees for rendering technical services received from Government or an Indian concern under an agreement made after February 29, 1964, but before April 1, 1976, and where such agreement has, in either case, been approved by the Central Government.

(ii)     where agreement referred above is made between 1.4.1 976 to3l .5.1997.

(iii)    where agreement referred above is made after 31.5.1997.

(iv)    on the balance, if any, of the total income.

 

 

50%

 

 

 

 

 

 

NIL


NIL


40%

Type of assessee

Rate of surcharge

(I) Domestic Company

(i) 5% of Income-tax, if income exceeds 1 crore but does not exceed Rs. 10 crore.
(ii) 10% of Income-tax, if income exceeds 1 0 crore

(ii) Foreign Company

(i) 2% of Income-tax, if income exceeds 1 crore but does not exceed Rs. 10 crore
(ii) 5% of Income-tax, if income exceeds 10 crore.
 
 

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