Estimate domestic or foreign firm corporate tax requirements.
Estimate corporate income tax requirements, basic tax liabilities, and 4% health cess for domestic and foreign companies.
Applies 25% rate for domestic firms (turnover ≤ 400Cr), 30% for large domestic firms, or 40% for foreign branches, plus 4% Cess.
Domestic companies with turnover up to ₹400 Crores pay 25% basic corporate tax rate. Foreign corporate branches pay 40% tax rate.
Domestic companies can opt for 22% tax rate under Section 115BAA if they forgo specific incentives and MAT credits.
MAT ensures companies claiming excessive tax exemptions pay minimum tax calculated at 15% of book profits.
Domestic companies with annual turnover up to ₹400 Crores pay 25% basic corporate tax plus applicable surcharge and 4% cess.
Surcharge is an additional tax levied on corporate tax liability when net taxable income exceeds ₹1 Crore or ₹10 Crore thresholds.
Yes, a 4% Health and Education Cess applies to the sum of basic corporate tax and surcharge.