Income Tax New Rates

Tax Liability under different Structures for A.Y 2020-21Company
Below 1 Cr *22.88%*
Between 1-10 Cr *24.48%*
More than 10 Cr *25.62%*Firms and LLPBelow 1 Cr *31.20%*
More than 1 Cr *34.94%*Proprietorship or Individual
Between 50 Lacs to 1 Cr *34.32%*
Between 1 Cr to 2 Cr *35.88%*
Between 2 Cr to 5 Cr *39%*
More than 5 Cr *42.74%*

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