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What is the rate for filling of Company returns?

Answers were Sorted based on User's Feedback



What is the rate for filling of Company returns?..

Answer / vinay.r

i think this question regards filing Income Tax returns of
the company, so the IT tax rate is 30% on the total Gross
Total Income and if the turnover exceeds 1 crore 30%+10%
Cess.

Is This Answer Correct ?    9 Yes 2 No

What is the rate for filling of Company returns?..

Answer / kiran.puvvada

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

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