Ready reckoner for income tax for companies
This query is : Resolved
Guest
Guest
(Querist)
27 September 2012
Dear Sir / Ma'am,
Can any one please send me a file which has details of the slabs of how much percentage would be applicable to be paid by a company (Private Limited / Partnership or Proprietorship firms) in AY 2012-2013 & AY 2013-2014, just like the ones which we have for Individuals which says that if the individuals income is below 2lacs then IT is 0%, if its between 2-5lacs, its 10% etc...
I would really appreciate anyone sending me this info..
Can any one please send me a file which has details of the slabs of how much percentage would be applicable to be paid by a company (Private Limited / Partnership or Proprietorship firms) in AY 2012-2013 & AY 2013-2014, just like the ones which we have for Individuals which says that if the individuals income is below 2lacs then IT is 0%, if its between 2-5lacs, its 10% etc...
I would really appreciate anyone sending me this info..
03 October 2012
Tax rate for companies and partnership firms is flat 30%. There is no slab rate.
For sole proprietorship - the income is taxable in the hands of the individual and accordingly, slab rate applicable to the individual shall apply.
For sole proprietorship - the income is taxable in the hands of the individual and accordingly, slab rate applicable to the individual shall apply.
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