Mat Rate For Ay 2011 12

2 5 if total income exceeds rs 1 crore.

Mat rate for ay 2011 12.

These income tax rates are applicable on any income earned during the period from 1 st april 2010 to 31 st march 2011. The user have to select a y. Normal tax rate applicable to an indian company is 30 plus cess. Where total income exceeds one crore rupees but not exceeding ten crore rupees and at the rate of 12 of such.

The tax liability of a company will be higher of. S 234b and c interest calculator. 2011 12 have been given in table 1 in the annexure for ready reference. 2012 13 2011 12 2010 2011 tags.

For which he want to calculate tax type of assessee and have to input this taxable income in field provided. In the case of companies if tax payable on its total income as computed under the i t. There is a credit of mat of 4 68 000 which can be carried forward to 15 assessment year. Income tax slab rates from ay 1992 93 to ay 2015 16 download income tax calculator for a y.

Section 35 1 iii of the income tax act 1961 scientific research. We have attached herewith income tax calculator for assessment year 2010 11 2011 12 and 2012 13. 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. As per you in the budget in feb 2011 the rates shall be proposed for assessment year 2012 13.

Income tax rate chart for ay 2019 20 and ay 2020 21. I normal tax liability or ii mat. Book profit calculator downloads income tax calculator section 115jb. The above difference for set off of mat credit has been reduced to 13 03 from 30 25 in ay 2001 02.

Foreign company 2 5 if total income exceeds rs 1 crore. I prepared it for assessment year 2011 12 based on finance act 2010. Budget highlights exemption from requirement of furnishing return of income for the ay 2012 13. No option left for the corporates.

This is a rolling yearly sum so changes at the end of each month with data from the new month added to the total and data from the first month of the period taken away. Hence tax payable by company 20 28 000. Moving annual total mat the total value of a variable such as sales figures for a product over the course of the previous 12 months. 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. Tds rate chart for. Total tax payable under mat 19 50 000 78 800 20 28 000.