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Domestic Company Surcharge on income tax-Reg
We are Domestic Company.Our Company's turnover is below RS.400/Crores.Shall we pay surcharge on income tax or not.Because Honourable Finance Minister announced Domestic Company tax rate is 22% net taxable rate is 25.17%.iKindly Clarify.
Replies (3)
New tax rate announced is 22%
And effective rate 25.17% (this is inclusive of cess and surcharge).
And effective rate 25.17% (this is inclusive of cess and surcharge).
Thanks a lot for your reply.
Tax rate @ 22% as per new proviso...
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