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. |
