Assertion: total income | /r/CapableOf | exceed ten crore rupees
Facets:
Source sentences:
text: In the case of a domestic company Rates of income-tax (i) where its total turnover or the gross receipt in the previous year 2015–16 does not exceed fifty crore rupees; 25 per cent. of the total income; (ii) other than that referred to in item (i) 30 per cent. of the total income; Surcharge on income-tax (a) 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) having a total income exceeding ten crore rupees, at the rate of twelve per cent. of such income-tax;
text: (b) having a total income exceeding ten crore rupees, at the rate of five per cent.
text: Provided further that in the case of every company having a total income exceeding ten crore rupees, the total amount payable as income-tax and surcharge on such income shall not exceed the total amount payable as income-tax and surcharge on a total income of ten crore rupees by more than the amount of income that exceeds ten crore rupees.