Income Tax Rates for Partnership Firms Assessment Year 2010-11 Flat rate of tax @ 30% on total income of the firm. Surcharge: Nil Education Cess: 2% of the amount of income Tax Secondary & Higher Education Cess: 1% on the amount of income Tax Assessment Year 2008-09 and 2009-10 Flat rate of tax @ 30 % on total income of the firm Surcharge: 10% of income tax (after rebate u/s 88E, if any) if net .....
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