Calculates corporate income tax for General and Small companies, including the Minimum Turnover Tax comparison under Section 113.
General Company
Small Company (Turnover ≤ Rs. 250M)
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Rs. 0
Tax on Taxable Income
Rs. 0
Minimum Turnover Tax
Rs. 0
Tax Payable (Higher of the Two)
Reference (FY 2026-27)
General Company
29%
Small Company (turnover ≤ Rs. 250M)
20%
Minimum Turnover Tax (Sec 113)
1.25% of gross turnover
Companies pay the higher of (a) tax on taxable income at the applicable rate, or (b) minimum turnover tax — this prevents companies with low declared profit but high turnover from paying negligible tax. This calculator does not include Super Tax (Section 4C), which applies additionally to high-income companies above a separate threshold.
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