Company Income Tax Rates – A.Y. 2018-19 & A.Y. 2017-18

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The page is exclusively for income tax rates on company for A.Y. 2018-19, A.Y. 2017-18, A.Y. 2016-17. You can find here income tax, surcharge, education cess & marginal relief & minimum alternate tax. After income tax slab table you can get a brief information about company.

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Income Tax Rates for Company [A.Y. 2018-19]

Income Tax Rates for Company [A.Y. 2017-18]

Company Income Tax Rates (A.Y.2018-19)

Domestic Company (Whether public or private) (A.Y.2018-19)

Type of Company (Domestic Company)Tax Rate
where its total turnover or gross receipt during the previous year 2014-15 does not exceed Rs. 5 croreN/A
where its total turnover or gross receipt during the previous year 2015-16 does not exceed Rs.50 crore25%
any other domestic company30%

Foreign Company (A.Y.2018-19)

Type of Company (Foreign Company)Rates
Income from royalty or fees for technical services from Government or an Indian concern
(a) in pursuance of an agreement made on or before 31.3.197650%
(b) in pursuance of an agreement made on or after 1.4.1976 but on or before 31.5.199710%
(c) in pursuance of an agreement made on or after 1.6.1977 but on or before 31.5.200510%
(d) in pursuance of an agreement made after 31.5.200510%
Other Income40%

Surcharge & Education Cess A.Y.2018-19

ParticularsDomestic Cos.Foreign Cos.
if net income is in the range of Rs.1 crore to Rs.10 crore7%*2%*
If total income exceeds Rs. 10 crore12%**5%**

* Marginal relief – In the case of a company having a net income of exceeding Rs.1 crore, the amount payable as income-tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore.

** Marginal relief – In the case of a company having a net income of exceeding Rs.10 crore, the amount payable as income-tax and surcharge shall not exceed the total amount payable as income-tax and surcharge on total income of Rs.10 crore by more than the amount of income that exceeds Rs.10 crore.

Education Cess – 2% of income-tax and surcharge.

Secondary and Higher Education Cess – It is 1% of income-tax and surcharge.

Minimum Alternate Tax – The following rate of minimum alternate tax shall be applicable.

If book profit does not exceed Rs.1 crore

CompanyITSCEC+SHECTotal
Domestic Company18.50.55519.055
Foreign Company18.50.55519.055

If book profit is in the range of Rs.1 core to Rs.10 crore

CompanyITSCEC+SHECTotal
Domestic Company18.51.2950.5938520.38885
Foreign Company18.50.370.566119.055

If book profit exceeds Rs.10 crore

CompanyITSCEC+SHECTotal
Domestic Company18.52.220.621621.3416
Foreign Company18.50.9250.5827520.00775

Company Income Tax Rates (A.Y.2017-18)

Domestic Company (Whether public or private) (A.Y.2017-18)

Type of Company (Domestic Company)Tax Rate
where its total turnover or gross receipt during the previous year 2014-15 does not exceed Rs. 5 crore29%
where its total turnover or gross receipt during the previous year 2015-16 does not exceed Rs.50 croreNA
any other domestic company30%

Foreign Company (A.Y.2017-18)

Type of Company (Foreign Company)Rates
Income from royalty or fees for technical services from Government or an Indian concern
(a) in pursuance of an agreement made on or before 31.3.197650%
(b) in pursuance of an agreement made on or after 1.4.1976 but on or before 31.5.199710%
(c) in pursuance of an agreement made on or after 1.6.1977 but on or before 31.5.200510%
(d) in pursuance of an agreement made after 31.5.200510%
Other Income40%

Surcharge & Education Cess A.Y.2017-18

ParticularsDomestic Cos.Foreign Cos.
if net income is in the range of Rs.1 crore to Rs.10 crore7%*2%*
If total income exceeds Rs. 10 crore12%**5%**

* Marginal relief – In the case of a company having a net income of exceeding Rs.1 crore, the amount payable as income-tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore.

** Marginal relief – In the case of a company having a net income of exceeding Rs.10 crore, the amount payable as income-tax and surcharge shall not exceed the total amount payable as income-tax and surcharge on total income of Rs.10 crore by more than the amount of income that exceeds Rs.10 crore.

Education Cess – 2% of income-tax and surcharge.

Secondary and Higher Education Cess – It is 1% of income-tax and surcharge.

Minimum Alternate Tax – The following rate of minimum alternate tax shall be applicable.

If book profit does not exceed Rs.1 crore

CompanyITSCEC+SHECTotal
Domestic Company18.50.55519.055
Foreign Company18.50.55519.055

If book profit is in the range of Rs.1 core to Rs.10 crore

CompanyITSCEC+SHECTotal
Domestic Company18.51.2950.5938520.38885
Foreign Company18.50.370.566119.055

If book profit exceeds Rs.10 crore

CompanyITSCEC+SHECTotal
Domestic Company18.52.220.621621.3416
Foreign Company18.50.9250.5827520.00775

 

Income Tax Slabs for Other Persons

PersonsVisit Here
Individuals HUFs, AOPs, BOIsCheck Here
Partnership Firms & LLPsCheck Here
CompaniesCheck Here
Capital Gains TaxesCheck Here
TDS RatesCheck Here

Must Read

Company Important PagesCheck Here
How to Form a Private Limited CompanyCheck Here
Documents Required to Form a Private Limited CompanyCheck here
TDS on Payment to Foreign CompanyCheck Here
Advantages of Private Limited CompanyCheck Here
Cost to Form a Private Limited CompanyCheck Here
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