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Income Tax Slab Rates for FY 2018-19 AY 2019-20
February 2, 2018
EPCG License Redemption
February 18, 2018
Income Tax Rate Private Limited Company

Income Tax Rate Private Limited Companies  FY 2021-22

In India, Private Limited Companies and LLP are most preferred business modes. In Private Limited falls under two different categories one is a domestic company like in which there is no forging investments and another is Foreign Company means a company in which foreign investments are  involved. Each company in India need to file its Income Tax return by the end of September, like for FY 2021-22 , return need to be filed by  30 September 2022. The filing of Income tax return is mandatory, means irrespective of turnover , profit & loss ITR need to be filed and ROC compliances need to be carried out. In Finance Budget taxation of Private Limited Company Corporate tax is dived in two category as Turnover above 400 Cr and Turnover below 400 Cr.  Income Tax rate on private Limited company @ 25 % for midsize companies. Below is details of Corporate Income Tax Rate in India slab wise for FY 2021-22 AY 2022-23. Apart from income Tax there is surcharge applicable on Private Limited companies.


Income Tax Rate Private Limited Companies FY 2021-22 AY 2022-23

Domestic Company 

Particulars Rate
Where it opted for section 115BA 25%
Where it opted for section 115BAA 22%
Where it opted for section 115BAB 15%

Income Tax Rate Private Limited Companies FY 2021-22 AY 2022-23

Domestic Company Turnover < Rs. 400 Cr

Net Income Slab (Gross Taxable Income – deductions) Income Tax Rate Surcharge  Health & Education Cess  Rebate u/s 87A  (FY 2021-22)
Upto 1 crore 25% Nil 4%l Nil
Above 1 crore but upto 10 crore 25,00,000+ 25% 7% 4% Nil
Above 10 crore 2,50,00,000+ 25% 12% 4% Nil

Foreign Company

Income Slab Tax Rate
Foreign Company 40%
Cess:  4 % on total of income tax + surcharge.

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MAT On Private Limited Company

MVAT Income Tax Tax Rate
MAT 15%

Income Tax Rate Limited Liability Partnership ( LLP)  FY 2021-22 AY 2022-23

Under Income Tax Act , LLP are treated in a similar manner as Partnership firms, On LLP Income Tax is levied at rate of 30% flat. Like in case of individual the benefits of Income tax slabs such as 3 Lac , 5Lac is not available for tax computation of Limited Liability Partnership firm.  Whereas interest on capital and remuneration paid to partners is allowed as deduction. However same need to be calculated as per the provisions of Section 40(b) of Income Tax Act 1961.

Income Slab Tax Rate Effect in Budget
Income Tax Rate for LLP 30%  No Changes
Cess: 4 % on total of income tax + surcharge.


Read : Tax Saving Tips for Private Limited


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A. N. Bhutada & Co. is trusted and versatile Chartered Accountant In Pune India. The firm have been providing various services under one roof in the field of Company Registration, Accounts outsourcing, Auditing, GST Audit, Filing in India.

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