Multiple Choice Questions on Which tax is levied on profit of the company in India ........ for General Studies (Level 1) Preparation

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Multiple Choice Questions

Which tax is levied on profit of the company in India ........

Indian Economy (Easy) Budgeting and Fiscal policy
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    Which tax is levied on profit of the company in India

    Income tax

    Incorrect Answer

    Profit tax

    Incorrect Answer

    Excise duty

    Incorrect Answer

    Corporate tax

    Correct Answer
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    Explanation:

    Corporate tax is a tax imposed on the net income of the company. The new effective tax rate inclusive of surcharge and cess for domestic companies would be 25.17% and for new domestic manufacturing companies would be 17.01%.

    By: santosh
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