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


Saibal-B.com LLB CA FINAL (Indirect Taxation)     07 August 2019

Saibal-B.com LLB CA FINAL
Indirect Taxation 
 2 likes  145 points

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Dear Friends 

 

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

Turnover 500 Crore

 

Please Suggest

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     07 August 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9215 likes  93280 points

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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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