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company tax rate for Assmt year 07-08???????

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(Querist)
19 November 2008 company tax rate for Assmt year 07-08???????
and specify surchrge limit too
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Zeeshan

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Zeeshan (Expert)
19 November 2008 DOMESTIC CO.
TAX RATE- 30%
SURCHARGE- 10%
EDU. CESS-2%(TAX+SURCHARGE)

FOREIGN CO.
TAX RATE- 40%
SURCHARGE-2.5%
EDU. CESS-2%(TAX + SURCHARGE)
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Zeeshan

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Zeeshan (Expert)
19 November 2008 LIMIT FOR SURCHARGE
NO LIMIT SURCHARGE IS A MENDATORY PORTION FOR COMPANIES UPTO AY 2007-08.



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Jitender

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Jitender (Expert)
19 November 2008 surcharge is applicable when taxable income cosses rs 1 crore.
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Ravikumar.G

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Ravikumar.G (Expert)
19 November 2008 FY 06-07 no limit for surcharge (AY 07-08)

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