Corporate Tax Rate Applicable for AY 2019-2020 & AY 2020-2021

• December 28, 2019
• CA Chandan Agarwal's Office

Income tax rates are decided and governed by Income Tax Act 1961 and are subject to change every year. This article will cover the income tax rates applicable to Domestic Companies for the Assessment Year 2019-2020 and Assessment Year 2020-2021 (As per the Taxation Laws (Amendment) Act, 2019) respectively, also cover Minimum Alternate Tax (MAT) provisions alongwith calculation of book profit under section 115JB.

I) Corporate Tax Rate Applicable for AY 2019-2020-

A) For All Existing Domestic Companies [As per section 115BA]:

Read more on: https://taxguru.in/income-tax/corporate-tax-rate-applicable-ay-2019-2020-ay-2020-2021.html