Income tax rate for private limited company
This query is : Resolved
13 June 2014
what is the income tax rate for private limited company earning income from foreign clients through paypal?
13 June 2014
Tax Liability for AY 2014-15
Income Tax : 30% of total income.
Surcharge : The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be increased by a surcharge
At the rate of 5% of such income tax, provided that the total income exceeds Rs. 1 crore. (Marginal Relief in Surcharge, if applicable)
At the rate of 10% of such income tax, provided that the total income exceeds Rs. 10 crores.
Education Cess : 3% of the total of Income Tax and Surcharge.
Tax Liability for AY 2014-15
Income Tax : 30% of total income.
Surcharge : The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be increased by a surcharge
At the rate of 5% of such income tax, provided that the total income exceeds Rs. 1 crore. (Marginal Relief in Surcharge, if applicable)
At the rate of 10% of such income tax, provided that the total income exceeds Rs. 10 crores.
Education Cess : 3% of the total of Income Tax and Surcharge.
13 June 2014
what is the tax rebate for the same?
13 June 2014
tax rebate in what context?
13 June 2014
you wrote in surcharge point that the amount of income as computed in accordance with above rates and after being reduced by the amount of TAX REBATE..
So i am asking what kind of tax rebate you are talking about?
One more thing there is there any exemption for a company whose total earning is from foreign clients?
So i am asking what kind of tax rebate you are talking about?
One more thing there is there any exemption for a company whose total earning is from foreign clients?
13 June 2014
there is no exemption for the total earnings. the tax rebate meant any rebate, if any, applicable. in your case, it is not.
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13 June 2014
there is no special rebate for all co but for specified co like for 80-IB.
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