Existing Income Tax Rate (Financial Year 2016 - 2017 or AY 2017-18)

Income Tax %
Normal Cases 30%
Small Company if Fy 2014-15 turnover upto 5 cr 29%

 

Surcharge Rate

Income upto Surcharge rate
Upto 1 Cr 0%
1-10 Cr 7%
>10 Cr 12%

 

 

image.png

 


New Income Tax Rate (Financial Year 2017 - 2018 or AY 2018-19)

Income Tax %
Normal Cases 30%
Small Company if last year turnover upto 50 cr 25%

 

Surcharge Rate

Income upto Surcharge rate
Upto 1 Cr 0%
1-10 Cr 7%
>10 Cr 12%

 

Education Cess Rate

All cases

imageeee.png

  1. Tax Practical
  2. Budget Amendments - Changes in 2017-18
Ask Download

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
Jail