RATE OF INCOME TAX

It is taxable at @ 30%+E cess 2% + SHE Cess 1% = Effectively 33.99%

the income tax is 30%...

if the oncome exceeds 1crore then surcharge of 10% will be applicable..

and cess of 3%... total comes to 30.9% or 33.99% as the case mey be..

advance tax

first 15%        june 15

upto 45%       sep 15

upto 75%       dec 15

last 25%         mar 15

Thank you

Even my doubt is cleared

but u can get marginal tax relief upto some extent... when ur taxable income exceeds 1 crore...

The above is true for all companies except foriegn companies