Updated on: 13 Jun, 2020 02:23 AM

Previous Year Income Tax Rates For Companies

(Know the old income tax rates for last 8 FY’s for Companies in India)

Contents :-

Domestic Companies

Income Tax Rate for Indian (Domestic) Companies AY 2009-10 (FY 2008-09)

Income tax would be at a flat rate of 30 percent for the AY 2009-10 (FY 2008-09).
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 10% surcharge on income tax

Income Tax Rate for Indian (Domestic) Companies AY 2010-11 (FY 2009-10)

Income tax would be at a flat rate of 30 percent for the AY 2010-11 (FY 2009-10)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 10% surcharge on income tax

Income Tax Rate for Indian (Domestic) Companies AY 2011-12 (FY 2010-11)

Income tax would be at a flat rate of 30 percent for the AY 2011-12 (FY 2010-11)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 7.5% surcharge on income tax

Income Tax Rate for Indian (Domestic) Companies AY 2012-13 (FY 2011-12)

Income tax would be at a flat rate of 30 percent for the AY 2012-13 (FY 2011-12)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 5% surcharge on income tax

Income Tax Rate for Indian (Domestic) Companies AY 2013-14 (FY 2012-13)

Income tax would be at a flat rate of 30 percent for the AY 2013-14 (FY 2012-13)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 5% surcharge on income tax

Income Tax Rate for Indian (Domestic) Companies AY 2014-15 (FY 2013-14)

Income tax would be at a flat rate of 30 percent for the AY 2014-15 (FY 2013-14)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 5% surcharge on income tax
Where Total Income exceeds Rs. 10 Cr - 10% surcharge.

Income Tax Rate for Indian (Domestic) Companies AY 2015-16 (FY 2014-15)

Income tax would be at a flat rate of 30 percent for the AY 2015-16 (FY 2014-15)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 5% surcharge on income tax
Where Total Income exceeds Rs. 10 Cr - 10% surcharge.

Income Tax Rate for Indian (Domestic) Companies AY 2016-17 (FY 2015-16)

Income tax would be at a flat rate of 30 percent for the AY 2016-17 (FY 2015-16)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 7% surcharge on income tax
Where Total Income exceeds Rs. 10 Cr - 12% surcharge.

Foreign Companies

Income Tax Rate for Foreign Companies AY 2009-10 (FY 2008-09)

Foreign Company's profit shall be charged at a flat rate of 40% for FY 2019-20 (AY 2020-21)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 2.5% surcharge on income tax

Income Tax Rate for Foreign Companies AY 2010-11 (FY 2009-10)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2010-11 (FY 2009-10)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 2.5% surcharge on income tax

Income Tax Rate for Foreign Companies AY 2011-12 (FY 2010-11)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2011-12 (FY 2010-11)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 2.5% surcharge on income tax

Income Tax Rate for Foreign Companies AY 2012-13 (FY 2011-12)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2012-13 (FY 2011-12)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 2% surcharge on income tax

Income Tax Rate for Foreign Companies AY 2013-14 (FY 2012-13)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2013-14 (FY 2012-13)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 2% surcharge on income tax

Income Tax Rate for Foreign Companies AY 2014-15 (FY 2013-14)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2014-15 (FY 2013-14)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 2% surcharge on income tax
Total Income exceeds Rs. 10 Cr - 5% surcharge.

Income Tax Rate for Foreign Companies AY 2015-16 (FY 2014-15)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2015-16 (FY 2014-15)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 2% surcharge on income tax
Total Income exceeds Rs. 10 Cr - 5% surcharge.

Income Tax Rate for Foreign Companies AY 2016-17 (FY 2015-16)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2016-17 (FY 2015-16)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 2% surcharge on income tax
Total Income exceeds Rs. 10 Cr - 5% surcharge.