Tax For Pvt Company

Tax queries 383 views 3 replies
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Director
134 Points Joined November 2010

hi !

I Have plan to start new pvt.company.

I want know what is the tax plan for it? It is depend on profit?

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On 03 December 2010 at 14:10 Report
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CA
281 Points Joined December 2007

Please be clear with your question??

Tax Rate applicable for a company is @ 30% flat( of profits)+ Surcharge @ 2.5% if income exceeds 1 Crore. Also EC & SHEC @ 3% will be levied on it.

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On 03 December 2010 at 15:46
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Originally posted by : Ankit

Please be clear with your question??

Tax Rate applicable for a company is @ 30% flat( of profits)+ Surcharge @ 2.5% if income exceeds 1 Crore. Also EC & SHEC @ 3% will be levied on it.

agreed

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On 03 December 2010 at 18:10
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Learner
98 Points Joined December 2009

Tax shall be higher of MAT(18% of Book Profit) or Normal tax as stated above

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On 05 December 2010 at 14:08

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