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      • The income tax rate applicable for LLP registered in India is a flat 30% on the total income for the financial year 2017-18. In addition to the income tax, a surcharge is levied on the income tax payable at the rate of 10% when the total income exceeds Rs.1 crore.
      www.indiafilings.com › learn › llp-tax-filing-income-tax-rate-deadline

      LLP Tax Filing – Income Tax Rate & Deadline | IndiaFilings

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

    Dec 17, 2019 · The LLP taxation policy is similar to that of a Partnership firm. From assessment year 1993-94, a partnership firm is treated as a separate taxable entity and has to pay tax on its income. Income of a partnership firm is taxed at 30% plus 2% education cess plus 1% secondary and higher education cess – similar to a private limited company.

  4. bangaloreicai.org › images › iconsTax and regulatory aspects relating to LLPs

    Particulars LLP Private Company Corporate tax rates: I. Taxable income < 1 crore II. Taxable income > 1 crore III. Taxable income > 10 crores 30.90% 34.61% 34.61% 30.90% 33.06% 34.61% Tax rate if FY 2015-16 Turnover < 50 crores (FA 2017) 30% + SC + cess 25% + SC + cess Tax rate of 25% for new Manuf. Companies set up after 01.04.2016 (S. 115 BA ...

  5. vakilsearch.com › blog › tax-benefits-of-llp-and-howThe Tax Benefits of LLP and How to Maximise Them - Vakil Search

    Apr 3, 2023 · Tax Rates for LLPs in India. One of the significant tax benefits of LLPs is their lower tax rates compared to companies. LLPs are taxed at a flat rate of 30% on their profits, while companies are subject to a higher tax rate of 25% to 30%. Additionally, LLPs are not subject to the surcharge and cess that companies have to pay.

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

    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)

  7. taxguru.in › income-tax › llp-private-limitedLLP v/s Private Limited Company – Taxation Comparison

    Aug 29, 2020 · Rate of Tax. ♥ LLP: The Rate of tax applicable to LLP is flat 30%. For income tax purpose, LLP is treated at par with partnership firms. Surcharge: The amount of income-tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees.

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

    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

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