InvestorQ : Do companies also have to pay tax like us individuals?
Manish Mehta made post

Do companies also have to pay tax like us individuals?

Answer
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2 years ago
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Yes. Companies, too, have to pay tax to the government. The tax rate is as follows:





However, that’s not all. Companies also have to pay cess and surcharge to the government:


Cess: 4% of corporate tax





Surcharge:


- If taxable income is above Rs 1 crore, but less than Rs 10 crore: 7%



- If taxable income is above Rs 10 crore: 12%

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