Income Tax Return Filing of Companies

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(Income Tax Return filing Companies)

Income Tax Rate for Companies (AY 2020-21)

Domestic Companies

Particulars	Tax rates
Where its total turnover or gross receipt during the previous year 2017-18 does not exceed Rs. 400 crore	25%
Where it opted for Section 115BAA	22%
Where it opted for Section 115BAB	15%
Other domestic companies	30%

Foreign companies
The tax rate for foreign company is 40%.

Plus

Surcharge:-

Company	Net income> 1cr – 10 cr	Net income> 10 cr
Domestic company	7%	12%
Foreign company	2%	5%

Health and Education cess: 4% of income tax plus surcharge

What is Income Tax Return filing process?

"All Indian Taxation” will help you to file your Income Tax Return (ITR)


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