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what is tax rate for Companies for the Assessment year 2009-10?
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Answer Posted / vikrant
FOR DOMESTIC COMPANIES:- FLAT 30%+CESS 3%(EDU 2% +SHE 1%)
+SURCHARGE 10% IF TAXABLE INCOME INCREASE 1 CRORE.
FOR FOREIGN COMPANIES:- FLAT 40% + CESS 3%(SAME)+SURCHARGE
2.5% IF TAXABLE INCOME INCREASE 1 CRORE.
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