private limited company tax rate
20/01/2022 Other Services
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Description
If a Private Limited company makes under ₹400 crores in the previous year, a 25% tax is levied. If their turnover is over ₹400 crores, 30% tax is levied. In addition to this, a slew of new corporate tax cuts was introduced in Budget 2019. Companies can now also opt for the new rates of 22% (for existing companies) and 15% (for new companies). However, doing so will make ineligible for certain deductions and exemptions.
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future generali
Individual
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