Table of Contents
o
‘Surcharge’ for assessment year 2020-21 &
2021-22
o
Marginal
Relief in case of Individual :
o
Health and Education Cess for assessment year
2020-21 & 2021-22 :
o
Quantum of rebate: The rebate shall be equal to:
·
2. Income Tax Rates In case of a ‘Domestic
Company’ for the Assessment Year 2020-21 & 2021-22
o
II – New Regime i.e. u/s 115BAA
provided it satisfies the conditions of section 115BAA(2)
o
‘Surcharge’
In case of a ‘Domestic Company’ :
o
‘Marginal
Relief’ In case of a ‘Domestic Company’ :
o
‘Health and Education Cess’ In case of a ‘Domestic
Company’ For assessment year 2020-21:
·
3. Income Tax Rates In case of a ‘Foreign
Company’ for the Assessment Year 2020-21 & 2021-22
o
Surcharge
In case of a ‘Foreign Company’:
o
Marginal
Relief In case of a ‘Foreign Company’ :
o
Health and Education Cess In case of a ‘Foreign Company’:
For assessment year 2020-21:
·
4. Income Tax Rates In case of a ‘Firm’
(Including Limited Liability Partnership)
o
Surcharge In case of a ‘Firm’ :
o
Marginal
Relief In case of a ‘Firm’ :
o
Health and Education Cess In case of a ‘Firm’ : For
assessment year 2020-21:
·
5. Income Tax Rates In case of a
‘Co-operative Societies’ for the Assessment Year 2020-21 & 2021-22
o
Surcharge In case of a ‘Co-operative Societies’ –
o
Health and Education Cess In case of a ‘Co-operative
Societies’:
·
6. Income Tax Rates In case of a ‘Local
Authorities’ for the Assessment Year 2020-21 & 2021-22
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