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What is the rate for filling of Company returns?
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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 |
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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