Final Tax Regime and Minimum Tax Chapter- 22
Rate of tax:
- The rate of tax imposed on the taxable income of a company for the tax year 20 21 is 29 %.
- The rate of tax imposed on the taxable income of a small company shall be 2 1 %.
- The rate of tax imposed on the taxable income of a banking company shall be 3 5% excluding
income covered under FTR.