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What is difference between corporate tax and income tax for a private Ltd company?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Rashmitha asked about 3 years ago

What is difference between corporate tax and income tax for a private Ltd company?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered almost 3 years ago

Coporate tax is the tax rate applicable to the company is 30% if the company is the indian company, and 40% if the company is the foreign compny. The name corporate tax given only for the purposes yhat the highest tax rate in the income tax act is applicable to the company.

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