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Income Tax Rate

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Querist : Anonymous (Querist)
28 June 2010 is Surcharge and Educess applicable for income tax calculation of company for the financial year 2009-10?

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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
28 June 2010 If net profit is more than 1 cr, then sucharge is applicable.
Ed cess is apply even if profit is any amount.
i.e if net profit is less than or equal to 1 cr then rate is 30.90%
if profit is more than 1 cr then rate 33.99%

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