Mat Rate For Ay 2010 11

No option left for the corporates.

Mat rate for ay 2010 11.

The tax liability of a company will be higher of. For individuals below 65 years age other than woman assessees. 18 54 19 00. Act 1961 in respect of any previous years is less than 15 for assessment year 2010 11 and 18 from assessment year 2011 12 of its book profit then such book profit shall be deemed to be the total income of the company and tax shall be payable at 15 for assessment year 2010 11 and 18 from assessment year 2011 12 on such total income.

If distributed to individual huf. Assessment year 2010 11 relevant to financial year 2009 10. Income tax rate chart for ay 2019 20 and ay 2020 21. Companies have to pay mat u s 115jb at the rate of 10.

Income tax rates slabs ay 2010 11 individual huf boi aop the rates for assessment year 2010 11 is given in the table below these rates are applicable on individual assessee hindu undivided family hufs association of persons aop and body of individuals boi. 11 43 300 3 09 000 11 43 300. Thus corporates were given higher mat credit when tax liability under mat was very low and reduced the same when rate under mat increased to very high rate of 18 5. In the case of companies if tax payable on its total income as computed under the i t.

10 of the amount exceeding 160 000. The above difference for set off of mat credit has been reduced to 13 03 from 30 25 in ay 2001 02. Tds rate chart for fy 2019 20 and fy 2020 21. Applicable for ay 2010 11 fy 2009 10 minimum alternate tax.

I normal tax liability or ii mat. Mat stands for minimum alternate tax described as a direct tax that has to be paid by the companies that are enjoying tax benefits or tax exemptions instead of having huge profits under various schemes framed under income tax act. Local authorities are taxable at basic rate of 30 plus education cess 3 no surcharge is applicable in case of local authorities. Mat credit available in respect of mat paid from a y.

This rate has been revised to 15. Get to know the detailed analysis of mat 2010. You will learn about the weightage of various sections of mat exam exam pattern and the expected cut off for mat 2010. Income tax rates for ay 2010 11 fy 2009 10 income tax rates ay 2012 13 income tax.