Thursday, October 6, 2011

INCOME TAX RATES COMPANIES AY 2012-13 MAT DIVIDEND DISTRIBUTION TAX


By on 9:33 AM

Income tax rates on domestic companies for last four year has been given in table below.Three types of rates has been given in the table .First Income tax rates ,dividend distribution tax ,Minimum alternate tax . Tax rates are for assessment year 2012-13, assessment year 2011-12, assessment year 2010-11,ay 2009-10.Basic rates for companies are same ,however surcharge has been reduced to 5 % from 10% .Dividend Distribution tax rate are same in last four years .Mat(minimum alternate tax) rate has been increased in last four years.


DOMESTIC COMPANY   
2009-10
2010-11
2011-12
2012-13
Tax Rate
30%
30%
30%
30%
Surcharge (if net income > 1 Crore)
10%
10%
7.5%
5%
Min. Alt. Tax (MAT) (% of Book Profit)(115JB)
10%
15%
18%
18.5%
C/F of MAT Credit
10 yrs
10 yrs
10 yrs
10 yrs
Dividend Tax U/s 115-O
15%
15%
15%
15%
Surcharge
10%
10%
7.5%
5%
Edu. Cess & SHE Cess
3%
3%
3%
3%
Tages: companies tax rates, income tax rates , mat(minimum alternate tax ) ,dividend distribution tax (DDT)

About Syed Faizan Ali

Faizan is a 17 year old young guy who is blessed with the art of Blogging,He love to Blog day in and day out,He is a Website Designer and a Certified Graphics Designer.

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