Domestic Company
Meaning As per Section 2(22A) , "domestic company" means an Indian company, or any other company which, in respect of its income liable to tax under this Act, has made the prescribed arrangements for the declaration and payment, within India, of the dividends (including dividends on preference shares) payable out of such income Tax Rates A. Income-tax In the case of a domestic company 30 per cent of the total income; • In the case of a domestic company where its total turnover or the gross receipt in the previous year 2014-15 does not exceed Rs. 5 crore 29 per cent of the total income The amount of income-tax computed shall, be increased by a surcharge,- (a) in case company having a total income exceeding one crore rupees, but not exceeding ten crore rupees, at the rate of seven per cent of such income-tax; and (b) in case company having a total income exceeding ten crore rupees, at the rate of twelve per cent of such income-tax; Provided that i...