Tell me at what rate firms are required to pay tax on their income?
Submitted by: MuhammadIncome Tax is paid at 30% of taxable income. Surcharge is charged at 10% of the Income Tax, where taxable income is more than Rs. 1 crore. (Marginal Relief in Surcharge, if applicable) and Education Cess is 3% of the total of Income Tax and Surcharge.
Submitted by: Muhammad
Submitted by: Muhammad
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