Tax Slab for employer

The tax slab for employers refers to the rates at which businesses are taxed on their profits or income earned during a financial year. In India, the tax rates for companies (including both domestic and foreign companies) are determined based on their legal structure and annual turnover. Here's an overview of the tax slab for employers in India:

Corporate Tax Rates for Domestic Companies:

1. For Financial Year 2021-22 (Assessment Year 2022-23):

   • Companies with an annual turnover of up to Rs. 400 crores: 25% corporate tax rate.
   • Companies with annual turnover exceeding Rs. 400 crores: 30% corporate tax rate.
   • Plus, applicable surcharge and cess, as per the Finance Act.

2. For Financial Year 2020-21 (Assessment Year 2021-22):

   • Companies with an annual turnover of up to Rs. 400 crores: 25% corporate tax rate.
   • Companies with annual turnover exceeding Rs. 400 crores: 30% corporate tax rate.
   • Plus, applicable surcharge and cess, as per the Finance Act.

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