Corporate Tax Calculator

Corporate tax is levied on the income of companies in India. The tax rates vary based on the type of company, turnover, and specific provisions. Our calculator helps determine the exact tax liability including surcharge and cess.

The calculator considers different company categories and applies appropriate tax rates, surcharge, and cess to provide comprehensive tax planning for businesses.

Corporate Tax Rates (2023-24):

• Domestic Companies (Turnover ≤ ₹4 Cr): 25%
• Domestic Companies (Turnover > ₹4 Cr): 30%
• Foreign Companies: 40%
• New Manufacturing Companies (Section 115BAB): 15%
• New Domestic Companies (Section 115BAA): 25%

Surcharge Rates:

• Income ₹1 Cr to ₹10 Cr: 7% surcharge
• Income above ₹10 Cr: 12% surcharge
• No Surcharge: For income up to ₹1 crore

Health and Education Cess:

• Rate: 4% on (Income Tax + Surcharge)
• Purpose: Funding health and education initiatives
• Applicability: All companies regardless of income level

Special Provisions:

• Section 115BAA: 25% rate for new domestic companies (no exemptions/deductions)
• Section 115BAB: 15% rate for new manufacturing companies
• Minimum Alternate Tax (MAT): 15% on book profits (if applicable)
• Dividend Distribution Tax: Abolished from April 2020

Tax Planning Strategies:

• Turnover Management: Stay below ₹4 crore for 25% rate
• New Company Benefits: Consider Section 115BAA/115BAB
• Deduction Optimization: Maximize allowable business deductions
• Timing of Income: Plan income recognition strategically

Features:

• Calculate tax for different company types
• Automatic surcharge and cess calculation
• Effective tax rate analysis
• Visual tax breakdown charts
• Comprehensive corporate tax guidance