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

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)