Calculate Tax

For domestic co. tax rate will be charged @ 30% , surcharge shall be applicable @ 10% if total income exceeding Rs. 100 lacs & education cess is applicable @ 3%.

Hi VipinI Thanks for your reply!

Can anybody suggest, can company off-set the STT paid against income tax?

Thanks in advance!

Yes Vipin is right. However, in your case we will deduct STT of Rs. 1 cr from taxable income of company i.e. Rs. 3 cr