Income here means the income taxable in india.

For calculating income tax : It is 2.5% if Net total income of the company computed as per provisions of Income tax Act exceeds 1 crore.

For TDS  :For the payments made under sections 193, 194, 194A, 194B, 194BB, 194C, 194D, 194E, 194EE, 194F, 194G, 194H, 194-I, 194J, 194LA, 195, 196B, 196C and 196D, Surcharge should be calculated at the rate of two and half percent, in the case of every company other than a domestic company, in case the amount paid/payable during the financial year exceeds one crore. For other cases, no surcharge has to be made.

 Do revert if i am wrong some where..

Hi gita..

Its the income earned by foreign companies in india. They are not considered as domestic companies

its the total turnover the foreign country in india... if you expect tht it wil go beyond 1 crore than you have to deduct with surcharge.. and if you not sure and the other company is big than for safety side you can deduct more.. no problem in that... Govn dont have problem in more incoming...

income in this case means taxable income of the company

Totaly agree with C.A.Shivang

Thank you ./././

agree with shivang sir

agree with shivang sir,,,,,,,,,,,

thank u  4 ur valuable ans.......