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Slab rate for companies.jpg

In Financial Year 2017-18 (AY 2018-19)

Income Tax Rate for Companies is 30%

However,if Turnover upto 50 crores in FY 2014-15

then Income Tax Rate is 25%

 

In Financial Year 2018-19 (AY 2019-20)

income Tax Rate for Companies is 30%

However, if Turnover upto 250 crores in FY 2015-16

then Income Tax Rate is 25%

 

Note

We consider last to last year turnover(and not last year)

In case of Newly Incorporated Companies,since last to last year there was 0 turnover,lower tax rate of 25% will be available

 

 

New Income Tax Rate (Financial Year 2018 - 2019 or AY 2019-20)

Income Tax %
Normal Cases 30%
Small Company if Fy 2015-16 turnover upto 50 Crore 250 crore 25%

 

Surcharge Rate

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

 

Education and Health Cess

All cases 3%    4%

 

INCOME TAX SLAB RATE IN FY 2017-18 FOR COMPANIES

income-tax-rate-for-2017-18.jpg

 

INCOME TAX SLAB RATE IN FY 2018-19 FOR COMPANIES

income-tax-rate-for-2018-19.jpg

 

 

 

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.