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income tax slab rate
A company got incorporated on May 2018.what will be the income tax slab rate applicable to that company for AY 2019-20. that is 25 percent or 30 percent.. (No turnover in PY. Since it is a newly incorporated company)
Replies (1)
If Gross turnover upto 250 Cr. in the previous year ....25%
For Gross turnover exceeding 250 Cr. ...30%
+ Surchage and cess as applicable.
So, what is the turnover in FY 2018-19? (i.e. previous year for AY 2019-20)
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