Corporate Income Tax Rate For Ay 2024-25. Current corporate tax rate in india. Check out the latest income tax slabs and rates as per the new tax regime and old tax.
The highest slab rate of 30% applies on income exceeding rs. The indian corporate tax rate for domestic companies stands at a basic rate of 30% on total income.
Income Tax Slabs Revised, Standard Deduction Raised From Rs 50,000 To Rs 75,000 Under The New Tax Regime In Budget 2024.
The new tax slabs under the new income tax regime will be effective from april 1, 2024.
Changes To The Income Tax Rate The Standard Deduction For Salaried Employees Increased To โน75,000 From The Existing โน50,000.
Surcharge, marginal relief and health & education cess.
Corporate Income Tax Rate For Ay 2024-25 Images References :
The Highest Slab Rate Of 30% Applies On Income Exceeding Rs.
A company shall be liable to pay minimum alternate tax (mat) at 15% of book profit (plus surcharge and health and education cess as applicable) where the normal tax liability of the company is less than 15% of book profit.
Surcharge, Marginal Relief And Health &Amp; Education Cess.
The new income tax slabs announced in the budget 2024 are as follows:
