what is rates of corporate tax under income tax of india?
472882
The present rate of tax for corporate assessee is  30 % of Income under income tax.
838996
No income tax is applicable on all income up to Rs. 100,000 per year. (Rs. 135,000 for women and Rs. 185,000 for senior citizens) \nFrom 100,001 to 150,000 : 10% of amount greater than Rs. 100,000 (Lower limit Rs. 135,001 for women and n/a to senior citizens) \nFrom 150,001 to 250,000 : 20% of amount greater than Rs. 151,000 + Rs. 5,000 (For women: Rs. 1500) (For senior citizens, the lower limit is Rs. 185,000) \nAbove 250,000 : 30% of amount greater than Rs. 250,000 + Rs. 25,000 (Rs. 21,500 for women and Rs. 13,000 for senior citizens)
423713
You mean a limited liability company?  Unless the LLC elects to be taxed as a 'C' corporation (and very few do, so yours probably didn't), the company doesn't pay taxes at all so there is no tax rate applicable to the LLC.\n\nThe right question is, if you're a member in an LLC, what rate of tax will you pay?  The answer is, whatever tax bracket you fall into personally, including income you received from the LLC.\n\nBut keep in mind, there is an additional "self-employment tax" of I believe 15.3%.  This tax applies to any money you receive from the LLC (up to I believe $85,000 or 87,000) and is in ADDITION to the income tax you would pay on that same income.
708366
I am not a C.A., But I know about this.  In your case 40 lakhs is not sales or purchases.  Your business is speculation, that is you will not take delivery of the deratives.  You will only take/pay the difference.  In your case, the turnover is the net receipts 40 laksh.  In a financial year if you buy deratives worth 10 crores and if the same were sold for 10 crores and 35 lakhs, that is your turnover is only 35 lakhs.  Not 10 crores or 10.35 crores.  \n\nI am sure about it.  You can ask any Income Tax consultant.
849494
Only good income tax practetioners can answer your question correctly. No income tax practerioner will answer your question because it involves lot of time to calculate and answer. That too you are asking it for the F.Y 2004-05. Again your financial year end is 30th June.\n\nBest of luck
151304
refer v.k.singhania's students' guide to income tax\na.y-2006-07
67878
Corporate Income Tax, or Impot sur le Revenu des Collectivites (IRC), was introduced during the German occupation in 1940/41 as Korperschaftssteure. In accordance with the general rule that a tax once introduced never dies, the Luxembourg tax authorities decided to keep this interesting German innovation after the war, although it was substantially modified by the Loi du 4 decembre 1967 portant sur l'impot sur le revenu.\n\nResident companies are taxed on their world-wide income. Residence for this purpose means that the business has its main establishment in Luxembourg, that is, the place from which it is managed, where it holds its general meetings, and where it performs central administrative functions. Non-resident companies having a 'permanent establishment' in Luxembourg (defined as a place of business or fixed equipment, which would normally include branches) pay income tax on their income originating in Luxembourg. \n\nIRC applies to corporate entities, which includes SAs, SARLs, and Partnerships Limited by Shares (Societes en Commandites par Actions). Other types of partnership are considered fiscally transparent, here as elsewhere, so that tax is assessed directly on the partners rather than the partnership as such.\n\nThere are some tax incentives available for investors who are considered to be supporting the economic development of the country under the laws of 28th July 1923, 27th July 1972, and the Tax Reform Law of 6th December 1990. These apply to specified industries and investment situations, and apply equally to Luxembougeouis and foreign investors.\n\nNB: A Luxembourg 'holding' company, which is the form normally used for offshore operations, is not subject to IRC. See Offshore Legal and Tax Regimes for details of the taxes payable by 'holding' companies.
1186802
in private sector...50 th.rs.\nin govt...........25000/\ni guess
1107824
The current rate of RBI TAX FREE BONDS is 6.5 % p.a.
896191
IT DEPENDS ON THE RATE US$ IN THE MARKET AND IT IS DAILY CHANGING.  IN THESE DAYS IT IS 1 US$= RS47/- APPROXIMATELY NOW YOU CAN CALCULATE THE RATE OF RS.3000/=
843618
Tax on 550000= 25000+(550000-250000)*0.3= 115000\nEdu cess @ 2% = 0.02 x 115000 = 2300\ntotal tax = 117300\n\nIf you have saving then sec 80D upto 100000 can be deducted from income. Other deductions as per rules applicable if any
656837
Federal tax rates for 2006 are:\n\n15% on the first $36,378 of taxable income;\n22% on the next $36,378 of taxable income;\n26% on the next $45,529 of taxable income; and\n29% of taxable income over $118,285.\n\nProvincial is 10%
654178
yes taxes rate are different for bonuses
492414
Hi,\n\nYour question's answer is as follows:\n\nTransfer Price: Price charged between associated enterprises.\n\nMarket Price: Price charged between independent enterprises. (Also known as Arm’s Length Price)\n\nThe concept of Transfer Pricing is normally used in international transactions between associated enterprises. The rationale behind the various Transfer Pricing regulations is as follows,\n\n1.To compute reasonable, fair and equitable profits and corresponding tax\n\n2.To protect the right of a country to collect fair share of tax in respect of cross border transactions between related entities.\n\n3.The absence of regulations will lead to manipulation of the prices and ultimately shifting of profits to low tax jurisdiction. (To curtail Tax avoidance)\n\n\nThe price, which would have been agreed upon between unrelated parties engaged in the same or similar transactions under the same or similar conditions in the open market is referred to as the Arm’s Length Price. Many methods are prescribed by the Taxation Laws to determine it, amongst which the most suitable method or methods may be adopted with or without combinations.\n\nThe various methods are as follows;\n\n1.Comparable Uncontrolled Price (CUP) Method\n2.Resale Price (RSP) Method\n3.Cost Plus (CP) Method\n4.Profit Split (PS) Method\n5.Transactional Net Margin (TNM) Method\n6.Any other method as may be prescribed by CBDT.\n\nI am a tax consultant and feel free to contact me for any further queries.
487417
571.42 hrs with out tax\n\naround 600+ hrs after tax
725974
the rate of tax depends upon the level of income\nit is the same all over india doesnt differ from state to state\n\n\nTaxable Annual Income Slab (In Rs.)  Tax Rate (In %)\n0 - 1,00,000                                                Nil\n1,00,001 - 1,50,000                                  10%\n1,50,001 - 2,50,000                                   20%\nMore than 2,50,001                                  30%\n\n\n\nFor Senior Citizen\nFor Year 2005-2006\nTaxable Annual Income Slab (In Rs.) Tax Rate (In %)\n0 - 1,85,000                                                  Nil\n1,85,001 - 2,50,000                                      20%\nMore than 2,50,001                                     30%\n\n\n    *  Surcharge @ 10% applicable if total income exceeds Rs. 8.5 lakh for A.Y. 2005-06 and Rs. 10 lakh for A.Y. 2006-07.\n    * There is a new section 80C according to which a person can get rebate upto Rs. 1,00,000 against insurance premium, PF contributions and other such schemes.\n    * In case of higher education there is a deduction in tax for a maximum period of 8 years.\n    * Marginal relief would be provided to ensure that the additional income tax payable including surcharge, on the excess of income over Rs. 10,00,000 (Rs. 8.5 lakh for A.Y. 2005-06) is limited to the amount by which the income is more than Rs. 10 lakh (Rs. 8.5 lakh for A.Y. 2005-06).\n    * Education cess @ 2% on tax plus surcharge.
704643
INCOME TAX REBATE ON TUITION FEES DEPENDS ON THE FOLLOWING TERMS AND CONDITIONS OF THE I.T.ACT.1961 WHICH ARE AS UNDER :\n1 IT AVAILABLE  FOR TUITION FEES PAID BY THE PARENTS FOR HIS/HER CHILDREN ( MAXI. TO 2 CHILDREN )\n2. TOTAL OF ALL OTHER SAVINGS \nLIKE NSC PURCHASE,NSC INTEREST REINVESTED,PPF,CPF,EPF,LIC PREMIUM,INCLUDING AMT. OF TUITION FEES FOR CHILD'S EDU.IS LIMITED TO RS. 1 LAC