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1. • 
     • The income tax rate applicable for LLP registered in India is a flat 30% on the total income.
     www.indiafilings.com › learn › income-tax-rate-for-llp-ay-2019-20

     Income Tax Rate for LLP – AY 2019-20

2. People also ask

   What is the tax surcharge for partnership firms & LLPs?

   • In cases where the total income of a partnership firm or LLP exceeds Rs 1 crore, the surcharge at the rate of 12% on the amount of income tax shall be applicable, subject to provisions relating to marginal relief, if any. In the case of partnership firms and LLPs, the aggregate amount of income tax and surcharge shall be subject to HEC @ 4%.

   Income Tax Rates for Partnership Firms/ LLPs in India (AY 2023-24)

   fintaxblog.com/income-tax-rates-partnership-firms-and-llps/

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   Is LLP taxable in Ay 2024-25?

   • For the AY 2024-25, a Partnership Firm (including LLP) is taxable at 30%. Surcharge, Marginal Relief and Health & Education Cess What is Surcharge? What is Marginal Relief? What is Health and Education cess? Tax deductions specified under Chapter VIA of the Income Tax Act Deduction towards Donations made for Scientific Research or Rural Development

   Partnership Firm / LLP for AY 2024-25 | Income Tax Department

   www.incometax.gov.in/iec/foportal/help/partnership-firm-llp

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   What does LLP stand for in India?

   • Section 4 of Indian Partnership Act, 1932 defines – Persons who have entered into partnership with one another are called individually “partners” and collectively “a firm”, and the name under which their business is carried on is called the “firm name” Limited Liability Partnership (LLP):

   Taxation of Partnership Firms and LLPs - Tax Guru

   taxguru.in/income-tax/taxation-partnership-firms-llps.html

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   Are LLPs taxed as a partnership firm?

   • Before staring please keep in mind that from the point of view of taxation, the LLPs are considered as Partnership firm only. Hence many points are similar in taxation of firm and LLPs. Surcharge – 12 % (where taxable income including capital gain exceeds Rs. 1 crore). It is subject to Marginal relief.

   Taxation of Limited Liability Partnership (LLP) - Tax Guru

   taxguru.in/income-tax/taxation-of-limited-liability-partnership-llp-remuneration-to-partners.html

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3. 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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   Tax Slabs for Partnership Firm / LLP for AY 2024-25 For the AY 2024-25, a Partnership Firm (including LLP) is taxable at 30%. Surcharge, Marginal Relief and Health & Education Cess

4. fintaxblog.com › income-tax-rates-partnershipIncome Tax Rates for Partnership Firms/ LLPs in India (AY ...

   fintaxblog.com › income-tax-rates-partnership

   Apr 1, 2023 · A flat rate of 30% income tax is applicable for the partnership firms (registered or unregistered) and limited liability partnerships (LLPs) in India in respect of AY 2023-24. Surcharge Rates. In cases where the total income of a partnership firm or LLP exceeds Rs 1 crore, the surcharge at the rate of 12% on the amount of income tax shall be ...

5. incometaxindia.gov.in › Charts Tables › Tax ratesTax Rates - Central Board of Direct Taxes

   incometaxindia.gov.in › Charts Tables › Tax rates

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   a. Surcharge : Surcharge is levied on the amount of income-tax at following rates if total income of an assessee exceeds specified limits:-. Note: The enhanced surcharge of 25% or 37% is not levied, on income by way of dividend or from income chargeable to tax under sections 111A, 112, 112A and 115AD (1) (b).

6. taxguru.in › income-tax › taxation-of-limitedTaxation of Limited Liability Partnership (LLP) - Tax Guru

   taxguru.in › income-tax › taxation-of-limited

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   Oct 7, 2020 · Page Contents. Tax Rates (For AY 2020-21) Tax Payment method. Return Filing Provisions. Due dates for filing of return. Computation of Income. Tax Rates (For AY 2020-21) Surcharge – 12 % (where taxable income including capital gain exceeds Rs. 1 crore). It is subject to Marginal relief.

7. taxguru.in › income-tax › taxation-partnership-firmsTaxation of Partnership Firms and LLPs - Tax Guru

   taxguru.in › income-tax › taxation-partnership-firms

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   Jan 6, 2020 · 3. Tax Rates (For AY 2020-21) for Partnership Firms and LLP’s; 4. Tax Payment method for Partnership Firms and LLP’s; 5. Return Filing Provisions for Partnership Firms and LLP’s; 6. Due dates for filing of return for Partnership Firms and LLP’s; 7. Taxation of Partners of Partnership Firms and LLP’s; 8. Conclusion –

8. cleartax.in › s › tax-planning-under-matTax Planning Under Minimum Alternate Tax (MAT): Eligibilty ...

   cleartax.in › s › tax-planning-under-mat

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   Jul 7, 2023 · Tax liability as per the MAT provisions are given in Sec 115JB (The tax rate is 15% of Book Profits plus 4% education cess plus a surcharge, if applicable, with effect from AY 2020-21 (FY 2019-20)). Prior to FY 2019-20, the MAT rates were 18.5%. How to calculate MAT?

9. taxsummaries.pwc.com › india › corporateIndia - Corporate - Taxes on corporate income

   taxsummaries.pwc.com › india › corporate

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   Dec 14, 2023 · A non-resident company is taxed only on income that is received in India, or that accrues or arises, or is deemed to accrue or arise, in India. The corporate income tax (CIT) rate applicable to an Indian company and a foreign company for the tax year 2022/23 is as follows: Income*. CIT rate (%) Turnover does not exceed INR 4 billion in FY 2020/21.