Tax rates

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CS Sandip Rahane (Querist)
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29 August 2011 Dear Experts,
Pls let me know rates :
Corporate Tax Rate
Service Tax Rate
Dividend D.Tax Rate
(basic and E.Cess)

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 August 2011 CORPORATE TAX RATES:(AY 2012-2013
i. Income-tax: 30% of total income.

ii. 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 7.5% of such income tax, provided that the total income exceeds Rs. 1 crore.

iii. Education Cess: 3% of the total of Income-tax and Surcharge.

SERVICE TAX RATE:

i. service Tax rate 10%

ii. Education Cess: 3%

DIVIDEND DISTRIBUTION TAX RATE:

i. DDT Rate: 15%

ii. Surcharge: 7.5%

iii. Education Cess: 3% of the total

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 August 2011 Also see below link:

http://taxguru.in/budget-2010/tax-rate-applicable-for-a-y-2011-12-on-income-dividend-wealth-mat-stt-capital-gain-and-presumptive-income.html

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