TMI BlogIncome Tax Rates for Firms - A.Y. 2007-08 to A.Y. 2025-26X X X X Extracts X X X X X X X X Extracts X X X X ..... evied @18.50% of Book Profit / Adjusted total income. However, AMT is levied @9% in case of Non-Corporate Assessee, located in International Financial Services Centre and deriving its income in convertible foreign exchange Notes: Note 1: - Add Surcharge - 12% if income exceeds ₹ 1 Crores - with marginal relief. Note 2: - Add Health and Education Cess - 4% of Income Tax ======================== Rates for the Assessment Year 2023-24 Rate of Tax is 30% AMT is levied @18.50% of Book Profit / Adjusted total income. However AMT is levied @9% in case of Non-Corporate Assessee, located in International Financial Services Centre and deriving its income in convertible foreign exchange Notes: Note 1: - Add Surcharge - 12% if income exce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ere for Alternate Minimum Tax (AMT) Rate of Tax is 30% Notes: Note 1: - Add Surcharge - 12% if income exceeds ₹ 1 Crores - with marginal relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ======================== Rates for the Assessment Year 2017-2018 Click here for Alternate Minimum Tax (AMT) Rate of Tax is 30% Notes: Note 1: - Add Surcharge - 12% if income exceeds ₹ 1 Crores - with marginal relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ======================== Rates for the Assessment Year 2016-2017 Click here fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for Firms Rates for the Assessment Year 2012-2013 Click here for Alternate Minimum Tax (AMT) - for LLP Rate of Tax is 30% Notes: Note 1: - Add Surcharge - Nil Note 2: - Add Education Cess - E. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ======================== Income Tax Rates for Firms Rates for the Assessment Year 2011-2012 Rate of Tax is 30% Notes: Note 1: - Add Surcharge - Nil Note 2: - Add Education Cess - E. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ======================== Rates for the Assessment Year 2010-2011 Rate of Tax is 30% Notes: Note 1: - Add Surcharge - Nil Note 2: - Add Edu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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