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Rate of tax in case of company in f.y. 16-17

167 views 2 replies

nirma agrawal

22 Points Joined May 2017

company rate of tax 29% if following condition's are satisfied
1. if company turnover in f.y.14-15 is less than 5 cr. or
2. if company turnover in f.y. 15-16 is less than 50 cr.

Replies (2)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

208770 Points Joined July 2016

Domestic Company

For Assessment Year 2017-18, tax rate would be 29% where turnover or gross receipt of the company does not exceed Rs. 5 crore in the previous year 2014-15

[However for Assessment year 2018-19, tax rate would be 25% where turnover or gross receipt of the company does not exceed Rs. 50 crore in the previous year 2015-16]