Current Affairs · Taxation
For a non-individual entity which is a Domestic Company in India, what is the generally applicable corporate tax rate (without considering cess and surcharge, and not availing specific concessional regimes like Section 115BAA/BAB) as per the Income Tax slabs?
- 115% of total income
- 225% of total income
- 330% of total income✓
- 440% of total income
Correct answer
30% of total income
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