Returns and Forms Applicable for Domestic Company for AY 2025-26
Disclaimer: The content on this page is only to give an overview / general guidance and is not exhaustive. For complete details and guidelines, please refer Income Tax Act, Rules and Notifications.
Domestic company:
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.
1. ITR-6 |
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Applicable for Companies other than those claiming exemption u/s 11. Company includes:
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2. ITR-7 |
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Applicable for Persons including Companies who are required to furnish returns u/s 139 (4A) or Section 139 (4B) or Section 139 (4C) or Section 139 (4D)
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Forms Applicable
1. |
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Note: Information regarding (Advance Tax/SAT, Details of refund, SFT Transaction, TDS u/s 194 IA,194 IB,194M, TDS defaults) which were available in 26AS are now available in AIS
2. Form 3CA-3CD |
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3. Form 3CEB |
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4. Form 16A – Certificate u/s 203 of the Income Tax Act, 1961 for TDS on Income other than Salary |
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5. Form 29B |
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6. Form 67- Statement of Income from a Country or Specified Territory outside India and Foreign Tax Credit |
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7. Form 10-IC |
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8. Form 10-ID |
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9. Form 10-CCB |
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10. Form 10-CCBBA |
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11. Form 10-CCBC |
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Tax Slabs for Domestic Company for AY 2025-26
Condition |
Income Tax Rate (excluding surcharge and cess) |
Total Turnover or Gross Receipts during the previous year 2020-21 does not exceed ₹ 400 crores |
25% |
If opted for Section 115BA |
25% |
If opted for Section 115BAA |
22% |
If opted for Section 115BAB |
15% |
Any other Domestic Company |
30% |
Surcharge, Marginal Relief and Health & Education Cess
What is Surcharge?
Surcharge is an additional charge levied for persons earning income above the specified limits, it is charged on the amount of income tax calculated as per applicable rates
- 7% - Taxable income above ₹ 1 crore– Up to ₹ 10 crore
- 12% - Taxable income above ₹ 10 crore
- 10% - If Company opting for taxability u/s 115BAA or Section 115BAB
What is Marginal Relief?
Marginal Relief is a relief from surcharge, provided in cases where the surcharge payable exceeds the additional income that makes the person liable for surcharge. The amount payable as surcharge shall not exceed the amount of income earned exceeding ₹ 1 crore and ₹ 10 crore respectively
What is Health and Education cess?
Health and Education cess @ 4% shall also be paid on the amount of income tax plus surcharge (if any).
Note:
- A Company shall be liable to pay Minimum Alternate Tax (MAT) at 15% of book profit (plus surcharge and Health and Education cess as applicable) where the normal tax liability of the Company is less than 15% of book profit.
- A Company, being a unit of an International Financial Services Centre and deriving its income solely in convertible foreign exchange, MAT shall be payable at 9% (plus cess and surcharge as applicable)
- A Company opting for special rate taxation under Section 115BAA and 115BAB are exempt from paying MAT.
- The Companies opting for special rate of taxation u/s 115BAA or 115BAB will not be allowed certain deductions like section 80IA, 80IAB, 80IAC, 80IB and so on, except deduction u/s 80JJAA and 80M.
Investments/ Payments / Incomes on which I can get Tax Benefit
Tax deductions specified under Chapter VI-A of the Income Tax Act
Section 80G |
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Deduction towards donations made to prescribed funds, charitable institutions, etc. Donation are eligible for deduction under the below categories:
Note: No deduction shall be allowed under this section in respect of donation made in cash exceeding ₹ 2000/-. |
Section 80GGA |
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Deduction towards donations made for Scientific Research or Rural Development. Donation are eligible for deduction under the below categories:
Note: No deduction shall be allowed under this section in respect of donation made in cash exceeding ₹ 2000 or if gross total income includes income from Profit / Gains from Business / Profession. |
Section 80GGB |
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Sum contributed to Political Party or Electoral Trust is allowed as deduction (subject to certain conditions) |
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Section 80IA |
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Undertaking engaged in Developing, Maintaining and Operating any Infrastructure Facility (only Indian Company), Industrial Parks (any Undertaking), any Power Undertaking, Reconstruction or Revival of Power Generating Plants (Indian Company) shall be entitled to claim deduction (subject to certain conditions) |
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Section 80IAB |
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Deduction in respect of Profits and Gains by an Undertaking or an Enterprise engaged in development of Special Economic Zone (subject to certain conditions) |
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Section 80IAC |
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Profit and Gains derived by an Eligible Start-up from Specified Business |
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Section 80IB |
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Deduction towards Profits and Gains from specified industrial undertakings other than infrastructure development undertakings- 100% of profit for 10 years from the AY in which it is approved by prescribed authority (if approved after 31st March 2000 but before 1st April 2007) The deduction under this section is available to an Assessee whose gross total income includes any Profits and Gains derived from the business of:
100% / 25% of profit for 5 / 10 / 7 years as per conditions specified for different types of undertakings |
Section 80IBA |
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Profit and Gains derived from Developing and Building Housing Projects |
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Section 80IC |
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Deduction in respect of certain Undertakings in Himachal Pradesh, Sikkim, Uttaranchal and North-Eastern states (subject to certain conditions) |
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Section 80IE |
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Deduction to certain Undertakings set up in North-Eastern states (subject to certain conditions) |
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Section 80JJA |
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Deduction in respect of Profits and Gains from Business of Collecting and Processing of Biodegradable Waste (subject to certain conditions) |
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Section 80JJAA |
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Deduction in respect of Employment of New Workers / Employees, applicable to Assessee to whom Section 44AB applies (subject to certain conditions) |
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Section 80LA |
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Deduction for Income of Offshore Banking Units and International Financial Services Centre (subject to certain conditions) |
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Section 80M |
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Inter-corporate dividend shall be allowed to be reduced from Total Income of Company receiving the dividend if same is further distributed to shareholders |
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80PA |
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Producer company engaged in an Eligible Business of Marketing, Purchase or Processing of Agricultural Produce of its Members |
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