Previous Year Income Tax Rates For Companies

(Know the old income tax rates for last 8 FY’s for Companies in India)

Domestic Companies

Income Tax Rate for Indian (Domestic) Companies AY 2009-10 (FY 2008-09)

Income tax would be at a flat rate of 30 percent for the AY 2009-10 (FY 2008-09).
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 10% surcharge on income tax

Income Tax Rate for Indian (Domestic) Companies AY 2010-11 (FY 2009-10)

Income tax would be at a flat rate of 30 percent for the AY 2010-11 (FY 2009-10)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 10% surcharge on income tax

Income Tax Rate for Indian (Domestic) Companies AY 2011-12 (FY 2010-11)

Income tax would be at a flat rate of 30 percent for the AY 2011-12 (FY 2010-11)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 7.5% surcharge on income tax

Income Tax Rate for Indian (Domestic) Companies AY 2012-13 (FY 2011-12)

Income tax would be at a flat rate of 30 percent for the AY 2012-13 (FY 2011-12)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 5% surcharge on income tax

Income Tax Rate for Indian (Domestic) Companies AY 2013-14 (FY 2012-13)

Income tax would be at a flat rate of 30 percent for the AY 2013-14 (FY 2012-13)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 5% surcharge on income tax

Income Tax Rate for Indian (Domestic) Companies AY 2014-15 (FY 2013-14)

Income tax would be at a flat rate of 30 percent for the AY 2014-15 (FY 2013-14)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 5% surcharge on income tax
Where Total Income exceeds Rs. 10 Cr - 10% surcharge.

Income Tax Rate for Indian (Domestic) Companies AY 2015-16 (FY 2014-15)

Income tax would be at a flat rate of 30 percent for the AY 2015-16 (FY 2014-15)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 5% surcharge on income tax
Where Total Income exceeds Rs. 10 Cr - 10% surcharge.

Income Tax Rate for Indian (Domestic) Companies AY 2016-17 (FY 2015-16)

Income tax would be at a flat rate of 30 percent for the AY 2016-17 (FY 2015-16)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 7% surcharge on income tax
Where Total Income exceeds Rs. 10 Cr - 12% surcharge.

Foreign Companies

Income Tax Rate for Foreign Companies AY 2009-10 (FY 2008-09)

Foreign Company's profit shall be charged at a flat rate of 40% for FY 2019-20 (AY 2020-21)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 2.5% surcharge on income tax

Income Tax Rate for Foreign Companies AY 2010-11 (FY 2009-10)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2010-11 (FY 2009-10)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 2.5% surcharge on income tax

Income Tax Rate for Foreign Companies AY 2011-12 (FY 2010-11)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2011-12 (FY 2010-11)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 2.5% surcharge on income tax

Income Tax Rate for Foreign Companies AY 2012-13 (FY 2011-12)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2012-13 (FY 2011-12)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 2% surcharge on income tax

Income Tax Rate for Foreign Companies AY 2013-14 (FY 2012-13)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2013-14 (FY 2012-13)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr - 2% surcharge on income tax

Income Tax Rate for Foreign Companies AY 2014-15 (FY 2013-14)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2014-15 (FY 2013-14)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 2% surcharge on income tax
Total Income exceeds Rs. 10 Cr - 5% surcharge.

Income Tax Rate for Foreign Companies AY 2015-16 (FY 2014-15)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2015-16 (FY 2014-15)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 2% surcharge on income tax
Total Income exceeds Rs. 10 Cr - 5% surcharge.

Income Tax Rate for Foreign Companies AY 2016-17 (FY 2015-16)

Foreign Company's profit shall be charged at a flat rate of 40% for AY 2016-17 (FY 2015-16)
Add : Surcharge + EC and SHEC @3%

Surcharge Rates:
Total Income exceeds Rs. 1 Cr but upto Rs. 10 Cr - 2% surcharge on income tax
Total Income exceeds Rs. 10 Cr - 5% surcharge.

CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.