Companies - Tax Rates For the assessment year 2025-26

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the AY 2024-25. In case of domestic company, the rate of income-tax shall be 25% of the total income, if the total turnover or gross receipts of the previous year 2022-23 does not exceed four hundred crore rupees and in all other cases the rate of income-tax shall be 30% of the total income. 2. In the case of companies other than domestic companies, the rate of income-tax shall be 35%, on the tot .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ot applicable. In such cases the surcharge is restricted to 25%. (2) Marginal Relief-- Marginal relief has also been provided in all cases where surcharge is proposed to be imposed. (3) Education Cess-- For assessment year 2025-26, "Health and Education Cess" is to be levied at the rate of 4% on the amount of income-tax so computed, inclusive of surcharge wherever applicable, in all cases. N .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X