Domestic Company Surcharge on income tax-Reg


MEENA VIVEK   21 September 2019

MEENA VIVEK

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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.

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Kapadia Pravin   23 September 2019

Kapadia Pravin

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New tax rate announced is 22%
And effective rate 25.17% (this is inclusive of cess and surcharge).

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MEENA VIVEK   23 September 2019

MEENA VIVEK

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Thanks a lot for your reply.

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Yogesh M (CMA)     24 September 2019

Yogesh M
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Tax rate @ 22% as per new proviso...


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