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Firm & Company

COMPANIES

Domestic Company - Turnover upto Rs. 50 crores

  • Income Tax: 25% of taxable income
  • Surcharge:
    At the rate of 7% of such income tax, provided that the taxable income exceeds Rs. 1 crore.
    At the rate of 12% of such income tax, provided that the taxable income exceeds Rs. 10 crores.
  • Education Cess: 3% of the total of Income Tax and Surcharge.

Domestic Company - Turnover exceeding Rs. 50 crores

  • Income Tax: 30% of taxable income
  • Surcharge:
    At the rate of 7% of such income tax, provided that the taxable income exceeds Rs. 1 crore.
    At the rate of 12% of such income tax, provided that the taxable income exceeds Rs. 10 crores.
  • Education Cess: 3% of the total of Income Tax and Surcharge

Firms Foreign Company

  • Income Tax: 40% of total income
  • Surcharge:
    At the rate of 2% of such income tax, provided that the taxable income exceeds Rs. 1 crore
    At the rate of 5% of such income tax, provided that the taxable income exceeds Rs. 10 crores
  • Education Cess: of 3% of total of Income-tax and surcharge

Kinds of Taxes

  • Annual Tax which is levied on income earned in a financial year and is based as per the rates declared in annual budget. With rates varying with each budget, the tax is payable in advance by way of quarterly installments during financial year.
  • Minimum Alternate Tax (MAT) is tax levied @ 18.5% of book profit. Here, the surcharge is at the rate of 7% of such income tax provided that the taxable income exceeds Rs. 1 crore and at the rate of 12% of such income tax, provided that the taxable income exceeds Rs. 10 crores Further, the Education Cess is @ 3% of total Income-tax and Surcharge.

Firm

Partnership Firms and LLPs (Limited Liability Partnerships) are to be taxed at the rate of 30%.

  • Surcharge: If income is greater than Rs.1,00,00,000 – 12% of income tax amount. Subject to marginal relief.
  • Education Cess of 3% of total of Income-tax and surcharge

What We Offers

Do you looking for Income tax Consultants or Tax consultants in Dehradun ? We offer Income tax Consultants or Tax consultants in Dehradun services at affordable price, which meet the client's requirements and expectations completely. We offer expert consultancy to Corporate, foreign Companies, individuals (both Residents and Non-residents), partnership firms who are liable to pay Tax according to the Indian legislation authority. We are also dealing in filing Income Tax Return for various category of persons under the income tax act. This is another important aspect about which people are generally not aware of and because of lack of knowledge and at times poor guidance land in making improper financial decisions, which is an important aspect of everyone’s life. We can develop tax strategies that can help our clients in managing new tax laws according to our legislation. Our expert services include - Tax Planning, Reducing Tax Liabilities & Risks, Finalization of Accounts, Filing of Returns, Preparation of Tax planning and preparation. So, come to us for filing your Income Tax Return and enjoy the benefits of good financial planning advise and that too in a cost effective manner. Below mentioned our Income tax Consultants or Tax consultants related service that we offer to our clients:

  • Preparation of return
  • Tax assessments before authorities in India
  • Consultancy in Tax matters & tax planning
  • Foreign taxation consultancy
  • Transfer Pricing matters
  • Withholding tax compliance