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1. www.indiafilings.com › learn › limited-liabilityLimited Liability Partnership LLP Taxation - IndiaFilings

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   Dec 17, 2019 · A surcharge of 5% is applicable when the taxable income exceeds Rs.1 crore. In addition to the income tax, if the private limited company declares dividends, then the dividend payable attracts dividend tax of 15% plus 2% education cess and 1% secondary and higher education cess plus surcharge of 10%.

2. www.legalwiz.in › blog › llp-taxation-income-taxLLP Taxation: Income Tax & Alternate Minimum Tax (AMT)

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   Jul 24, 2019 · The LLP is liable to pay income tax @30% on its income. In case the total income exceeds INR 1 Crore, LLP is also liable to pay surcharge @12% on the income tax. Additionally, health and education cess of 4% is payable on the income tax plus surcharge. Alternate Minimum Taxation (AMT)

3. People also ask

   Does LLP pay income tax if income exceeds 1 crore?

   • In case the total income exceeds INR 1 Crore, LLP is also liable to pay surcharge @12% on the income tax. Additionally, health and education cess of 4% is payable on the income tax plus surcharge. Initially, the concept of MAT, i.e. Minimum Alternative Tax, was introduced only for the companies.

   LLP Taxation: Income Tax & Alternate Minimum Tax (AMT)

   www.legalwiz.in/blog/llp-taxation-income-tax-alternate-minimum-tax-amt

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   How is LLP taxed?

   • The LLP is Taxed at 30% on its income. In case the total income exceeds INR 1 Crore, LLP is also liable to pay surcharge @12% on the income tax. Education Cess payable at 4% additionally on Income tax and surcharge. ♦ Alternate Minimum Tax (AMT) @18.5% plus education cess is also applicable to LLP only in following cases :

   LLP- Taxation and other aspects - Tax Guru

   taxguru.in/company-law/llp-taxation-aspects.html

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   How LLP is taxed in India?

   • LLP are taxed at Par like Partnership Firms but there are some provisions which are applicable to Partnership firms but not applicable to LLP’s. ♦ The LLP is Taxed at 30% on its income. In case the total income exceeds INR 1 Crore, LLP is also liable to pay surcharge @12% on the income tax.

   LLP- Taxation and other aspects - Tax Guru

   taxguru.in/company-law/llp-taxation-aspects.html

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   Will LLP be taxed like a private limited company or partnership firm?

   • Previously, there used to be concerns whether a LLP would be taxed like a Private Limited Company or Partnership Firm. However, the Finance Act, 2009 has amended the Income Tax Act and confirmed that LLP would be taxed like a Partnership Firm. In this article, we look at the major aspects of LLP taxation in India.

   Limited Liability Partnership LLP Taxation - IndiaFilings

   www.indiafilings.com/learn/limited-liability-partnership-llp-taxation/

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4. taxguru.in › company-law › llp-taxation-aspectsLLP- Taxation and other aspects - Tax Guru

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   Apr 30, 2020 · ♦ The LLP is Taxed at 30% on its income. In case the total income exceeds INR 1 Crore, LLP is also liable to pay surcharge @12% on the income tax. Education Cess payable at 4% additionally on Income tax and surcharge. ♦ Alternate Minimum Tax (AMT) @18.5% plus education cess is also applicable to LLP only in following cases :

5. www.cagmc.com › llp-taxationLLP Taxation | What are the Taxation Aspects of LLP? - CAGMC

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   Sep 22, 2021 · Surcharge (if income exceeds Rs.1 crore) 12% on tax above: Health and Education Cess: 4% of income tax and surcharge.

6. cleartax.in › s › private-limited-company-vs-llpPrivate Limited Company vs LLP - ClearTax

   cleartax.in › s › private-limited-company-vs-llp

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   Oct 18, 2023 · An LLP should pay a 30% fixed rate tax on its total income. When its total income exceeds Rs.1 crore, the income tax amount is increased by a surcharge of 12%. When a Pvt Ltd company earns less than Rs.400 crores, it should pay a tax of 25%.

7. tax2win.in › guide › llp-vs-company-know-the-differenceDifference between LLP and Company - Which is Better for ...

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   Jan 16, 2024 · LLP is taxed at 30% up to an income of 1 crore and a 12% surcharge if the total income exceeds 1 crore. Companies must pay tax at 25% if turnover is up to 400 crores otherwise 30% is applicable. What Factors to Consider While Choosing Between LLP and Company?

8. www.incometax.gov.in › help › partnership-firm-llpPartnership Firm / LLP for AY 2024-25 | Income Tax Department

   www.incometax.gov.in › help › partnership-firm-llp

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   In case Net Income exceeds ₹ 1 crore, the amount payable as income tax and Surcharge shall not exceed the total amount payable as income tax on Total Income of ₹ 1 crore by more than the amount of income that exceeds ₹ 1 crore