sita rama kiran puvvada


{ City } hyderabad
< Country > india
* Profession * audit assistant
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Question { Infotech, 4419 }

What is the rate for filling of Company returns?


Answer

According to the Income Tax Act,1961,calculation of tax by
the company is 30% of Total Income and Cess @3%, (in case
the company turnover exceeds 1 crore, 10% surcharge is also
applicable)

Tax rate with surchare is 33.99%

Tax rate without surcharge is 30.90%

Is This Answer Correct ?    2 Yes 0 No