Ready reckoner for income tax for companies

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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..

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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.

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