Income tax reduction for domestic companies f.y 2019-20

Tax planning 106 views 1 replies

Dear Friends 

 

I Need tips/files  on reduction of Income Tax on Domestic Companies F.Y 2019-20

Turnover 500 Crore

 

Please Suggest

Replies (1)

Income Tax Slab for Indian Companies - FY 2019-20 (AY 2020-21)

Total Turnover or Gross Receipts (Rs.) Tax applicable
The amount does not exceed Rs.400 crore, 25%
The amount exceeds Rs.400 crore 30%
  • Surcharge:
    • 7% surcharge if the income is more than 1 crore but less than 10 crore
    • 12% surcharge if the income is more than 10 crore

Add : Surcharge, Health and Education Cess @ 4%


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