International companies corporate Tax?
By IndianMoney , 10 months ago
IndianMoney
10 months ago
1. In case companies are earning less than Rs.1 crore, a corporate tax of 41.2% is levied. The corporate tax includes 40% basic tax and 3% education cess. 2. In case companies are earning more than Rs.1 crore, a corporate tax of 42.024% is levied. The corporate tax includes 40% basic tax, 2% surcharge, and 3% education cess. 3. In case companies earn more than Rs.10 crore, a surcharge of 5% is levied apart from the basic tax.
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