Page 123 - DHC Budget Book 2021-22 Final

Income Tax Slabs
Upto H 1,00,00,000 4%
Above H 1,00,00,000 4%
#Marginal relief shall be provided in all cases where surcharge shall be imposed.
For Local Authorities
Local authorities are taxable @ 30%. Surcharge remains unchanged at 12% where the Total Income exceeds H 1,00,00,000. Health & education cess is applicable @ 4%.
For Partnership Firms
Partnership firms are taxable @ 30%. Surcharge remains unchanged at 12% where the Total Income exceeds H 1,00,00,000. Health & education cess is applicable @ 4%.
Tax
Surcharge#
Health & Education Cess
22%
-
H 22,00,000 + 22%
10%
For Corporate
Sl. No.
A.
1. 2.
3. B.
4. C.
5. 6. 7.
8.
9. 10.
11. D. 12.
Particulars Tax Surcharge# Health & (%) (%) Education
Cess (%)
Effective Tax (%)
MAT Applicability [Rate @15%] (%) Applicable
15.60 16.69
17.47 Not Applicable -
Not Applicable -
- -
- - -
- Applicable 15.60
Domestic companies whose total turnover or gross receipts in FY 2019-20 is ≤ H 400 Crs & Domestic Manufacturing Companies covered u/s 115BA^
Total income ≤ H 1 Cr.
25
-
4
26.00
Total income > H 1 Cr. but ≤ H 10 Crs.
25
7
4
27.82
Total income > H 10 Crs.
25
12
4
29.12
Domestic companies covered u/s 115BAA^
Total Income
22
10
4
25.17
Domestic companies covered u/s 115BAB^
Income from manufacturing activities or incidental activities
15
10
4
17.16
Business income from non-manufacturing activities^^
22
10
4
25.17
STCG from depreciable assets incidental to manufacturing
15
10
4
17.16
STCG from non- depreciable asset
22
10
4
25.17
Income taxable under the head house property^^
22
10
4
25.17
Excess Profits in arranged transactions determined by A.O.
30
10
4
34.32
Any other income^^
22
10
4
25.17
Other Domestic companies
Total income ≤ H 1 Cr.
30
-
4
31.20
Content
Tax Rate Structure
Others 121