Do company pays income tax As it is levied on the income of the individuals Explain - Accountancy - Cash Flow Statement

Question

Do company pays income tax? As it is levied on the income of the
individuals? Explain

Neha Chopra · Accepted Answer

Dear Student

A Company also pays income tax
Income tax is not levied only on the individual, it is levied on
every organization who do business and works for profit
The rate of Income tax for Company is Flat 30 3% This rate may
change as per latest notification from the government

Regards

Do company pays income tax? As it is levied on the income of the individuals? Explain