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Company tax -reg

Tax queries 652 views 4 replies

Dear All,

Can some one let me know what is the TAX slabs for a PVT LTD Co?

or to out it in simpler form, We run a PVT LTd Co & at the current stage, the company is at a nett profit of 2,20,000/-. We have made an advance tax payment of 20,000/- and we have a TDS deduction made by our clients to the tune of 45,000/-. That makes it an advance tax paid of 65,000/-

What would be our tax liability for this 2,20,000/- profit??

Should I pay any advance tax again by March 15th?

Kindly clarify.

Rajesh

Replies (4)

yes

30% + educess+ surchg

Income-tax on Rs. 220,000 is Rs. 67,980.00
Surcharge Rs. 0.00
Education Cess Rs. 1,320.00
Secondary and Higher Education Cess Rs. 660.00

calculation for Rs220000 net taxable income

 

 

so total payment need to be67980

is it the profit after making all the adjustments?

thats more imp b4 giving you a  reply


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