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Corporate Income Tax
Is there any minimum income below there is no need to pay corporate income tax?
Replies (7)
Quick Summary
No there is no such criteria for corporate
CA Abay Ji, if companies are running under profit of 1 Lakh also liable to pay 30% as a Corporate Tax? am I correct?
Yes but if turnover in FY 2016-17 was below 250 crore then you need to pay tax @ 25% plus 4% HEC total 26%
CA Abhay Ji, thank u so much for your kind assistance.
Normally Companies have to pay @ 30%
but if your turnover for FY 17-18 is 400cr. then rate will be applicable @ 25% on income whatever income of Co.
but if your turnover for FY 17-18 is 400cr. then rate will be applicable @ 25% on income whatever income of Co.
Thank you so much Annu Goyal Ji
What if company is new, hence zero turnover in FY 17-18, is the company eligible for 25% tax rate ?
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