Income
Tax Rates For Foreign Companies
(1) Foreign companies are taxable at 40%
(2) A 2% surcharge is applicable if the total income exceeds
Rs. 10,000,000 but does not exceed Rs. 100,000,000. Marginal relief available
(3) A 5% surcharge is applicable if the total income exceeds
Rs. 100,000,000. Marginal relief available
(4) A 3% education cess is applicable per cent on income-tax
(inclusive of surcharge, if any).
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