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1. • • Partnership firms and LLPs are subject to a 30% tax rate.
     vakilsearch.com › blog › income-tax-slab

     Income Tax Slab 2023 24 & AY 2024 25: The Complete Details

2. People also ask

   What is the tax rate for foreign companies in India?

   • If a company's net income falls between Rs. 1 crore and Rs. 10 crore, a surcharge of 7% is imposed on it under the Income Tax Act. However, if the net income of the company exceeds Rs. 10 crore, a surcharge of 12% is levied on it. As of 2023, the rate of tax for foreign companies in India stands at 40%.

   Corporate Tax in India: Overview, Rates & Tax Liability

   www.businessgo.hsbc.com/en/article/corporate-tax-in-india-overview-rates-tax-liability

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   What is corporate tax in India?

   • Companies in India are subject to corporate tax - a direct tax levied on companies based on their net profit or income of a company which is the excess income after all deductions, expenses, and depreciation. The applicable tax rates to corporations depend on many factors such as turnover and the applicability of special provisions.

   Corporate Tax in India: Overview, Rates & Tax Liability

   www.businessgo.hsbc.com/en/article/corporate-tax-in-india-overview-rates-tax-liability

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   What is the tax rate for domestic corporations in India?

   • As of 2023, the rate of tax for domestic corporations in India stands at 25%. This rate applies to the taxable income generated by these companies from their business operations. If a company's net income falls between Rs. 1 crore and Rs. 10 crore, a surcharge of 7% is imposed on it under the Income Tax Act.

   Corporate Tax in India: Overview, Rates & Tax Liability

   www.businessgo.hsbc.com/en/article/corporate-tax-in-india-overview-rates-tax-liability

   See all results for this question

   How is LLP income taxed?

   • For both working and non-working members, the share of profit returns is exempted as per Section 10 (2A) of the Income Tax Act. One should also be aware of other sections like Section 12A and 80G Registration. An LLP will be taxed the same way a partnership is. This means their income is liable to be taxed at 30%.

   Remuneration to LLP Partners - Income Tax Act - Vakilsearch

   vakilsearch.com/blog/llp-remuneration-to-llp-partners-as-per-the-income-tax-act/

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

   taxsummaries.pwc.com › india › corporate

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   6 days ago · The corporate income tax (CIT) rate applicable to an Indian company and a foreign company for the tax year 2022/23 is as follows: * Surcharge of 10% is payable only where total taxable income exceeds INR 10 million. ** Effective tax rates include surcharge and health and education cess of 4%.

4. taxguru.in › corporate-law › llp-registration-indiaLLP Registration in India and how it is different from company?

   taxguru.in › corporate-law › llp-registration-india

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   19 hours ago · LLPs is required pay tax at a flat rate of 30% of their total income, along with surcharge of 12% if it’s total income exceeds rupees one crore, on the other hand, if a Private Limited company earns less than rupees 400 crores in the previous year, then a 25% tax is payable and in case the annual revenue exceeds rupees 400 crores, the company ...

5. www.businessgo.hsbc.com › en › articleCorporate Tax in India: Overview, Rates & Tax Liability - HSBC

   www.businessgo.hsbc.com › en › article

   • Cached

   May 6, 2024 · As of 2023, the rate of tax for foreign companies in India stands at 40%. This rate applies to the income earned by these companies from their Indian operations. Corporate tax rebates

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7. www.internationaltaxreview.com › article › 2d4zyie3Key tax considerations for foreign investors in India

   www.internationaltaxreview.com › article › 2d4zyie3

   Apr 23, 2024 · Since all these aspects can have differing tax consequences and related considerations, foreign investors must consider them for a tax efficient India inbound investment. In this article, we discuss five key tax considerations that foreign investors must keep in mind before investing in India.

8. taxsummaries.pwc.com › indiaIndia - Overview - Worldwide Tax Summaries Online

   taxsummaries.pwc.com › india

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   6 days ago · Foreign companies (having PE in India): 40% (plus applicable surcharge and cess) Please refer to the Taxes on corporate income section for effective tax rates for different classes of companies.

9. tax2win.in › guide › corporate-taxCorporate Tax - What is Corporate Tax in India? - Tax2win

   tax2win.in › guide › corporate-tax

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   6 days ago · ‘Person’ as per the Act means various taxpayers such as: An individual, Hindu Undivided Family (HUF), Association of Persons (AOP), Body of Individuals (BOI), firm/LLP, company local authority and any artificial juridical person. Contents. Is a company explicitly defined under the Act? Corporate Tax in India.

10. vakilsearch.com › blog › llp-remuneration-to-llpRemuneration to LLP Partners: LLP Partner’s Remuneration

    vakilsearch.com › blog › llp-remuneration-to-llp

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    6 days ago · The rate of remuneration for partners can vary based on the LLP's decision as per the LLP Agreement. There is a maximum rate mandated by law under Section 40(b) of the Income Tax Act, and the compensation must be in adherence to it and structured based on the LLP's profitability and other factors.