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Tax For Pvt Company
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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.
| Originally posted by : Ankit | ||
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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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agreed
Tax shall be higher of MAT(18% of Book Profit) or Normal tax as stated above
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