Income Tax Rate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2010
is Surcharge and Educess applicable for income tax calculation of company for the financial year 2009-10?
Please do reply........
Please do reply........
28 June 2010
If net profit is more than 1 cr, then sucharge is applicable.
Ed cess is apply even if profit is any amount.
i.e if net profit is less than or equal to 1 cr then rate is 30.90%
if profit is more than 1 cr then rate 33.99%
Ed cess is apply even if profit is any amount.
i.e if net profit is less than or equal to 1 cr then rate is 30.90%
if profit is more than 1 cr then rate 33.99%
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