At What Rate Firms Are Required To Pay Tax On Their Income?

1.	At What Rate Firms Are Required To Pay Tax On Their Income?
Answer» INCOME Tax is paid at 30% of TAXABLE income. Surcharge is charged at 10% of the Income Tax, where taxable income is more than RS. 1 crore. (Marginal RELIEF in Surcharge, if APPLICABLE) and Education Cess is 3% of the total of Income Tax and Surcharge. Income Tax is paid at 30% of taxable income. Surcharge is charged at 10% of the Income Tax, where taxable income is more than Rs. 1 crore. (Marginal Relief in Surcharge, if applicable) and Education Cess is 3% of the total of Income Tax and Surcharge.

Answer»

INCOME Tax is paid at 30% of TAXABLE income. Surcharge is charged at 10% of the Income Tax, where taxable income is more than RS. 1 crore. (Marginal RELIEF in Surcharge, if APPLICABLE) and Education Cess is 3% of the total of Income Tax and Surcharge.

Income Tax is paid at 30% of taxable income. Surcharge is charged at 10% of the Income Tax, where taxable income is more than Rs. 1 crore. (Marginal Relief in Surcharge, if applicable) and Education Cess is 3% of the total of Income Tax and Surcharge.

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