Tax slab for fy 13-14 for non domestic company

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Querist : Anonymous

Querist : Anonymous (Querist)

29 May 2013 wants to have tax slab for FY 13-14 for Non domestic company

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

29 May 2013 Company other than a Domestic Company
i. Income-tax:

=>@ 50% of on so much of the total income as consist of (a) royalties received from Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern after the 31st day of March, 1961 but before the 1st day of April, 1976; or (b) fees for rendering technical services received from Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern after the 29th day of February, 1964 but before the 1st day of April, 1976, and where such agreement has, in either case, been approved by the Central Government.

=> @ 40% of the balance
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 as under

=> At the rate of 2% of such income tax, provided that the total income exceeds Rs. 1 crore.
=> At the rate of 5% of such income tax, provided that the total income exceeds Rs. 10 crores.

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

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