Practical Income Tax
Important Changes in Income Tax 2019 -20

Change in Income Tax Slab Rate for Companies

Last updated at Dec. 16, 2024 by

Old Income Tax Rate (Financial Year 2016 - 2017 or AY 2017-18)

Income Tax %
Normal Cases 30%
Small Company if Fy 2014-15 turnover upto 5 cr 29%

 

Surcharge Rate

Income upto Surcharge rate
Upto 1 Cr 0%
1-10 Cr 7%
>10 Cr 12%

 

 

 

 

New Income Tax Rate (Financial Year 2017 - 2018 or AY 2018-19)

Income Tax %
Normal Cases 30%
Small Company if last year turnover upto 50 cr 25%

 

Surcharge Rate

Income upto Surcharge rate
Upto 1 Cr 0%
1-10 Cr 7%
>10 Cr 12%

 

Education Cess Rate 3%

All cases

50 Cr.jpg

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.