It is calculated on the amount of income tax

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AGM respectively. Filing of Income Tax Return File Form ITR-6 for income tax return every year. Filing of Directors' Details (Filing of DIR-3 KYC) File Form DIR-3 KYC to provide details of directors. Minimum Capital Requirement There is no longer any minimum capital requirement to register a private limited company. But, it is important to keep two things in mind: There must be at least two shareholders in the company and each shareholder must hold at least one share. Therefore, the minimum authorized capital and paid-up capital of the company must be at least Rs 2. This may also be according to the current account rules of your company.


Generally it is advised that you keep the authorized capital at ₹1,00,000 (one lakh rupees). This is an initial estimate of the maximum investment the company can receive from its shareholders. Earlier, the Companies Act of 2013 required a Albania WhatsApp Number minimum capital of ₹1,00,000 (Rs one lakh) to incorporate a private limited company. But, the Amendment Act of 2015 abolished this rule. Tax rate for private limited companies The basic tax rate for all companies in India – excluding Surcharge and Cess – is 25%. Cess (Surcharge) is an additional fee which is imposed on income above the prescribed limit. as per the applicable rates.




Taxable income above Rs 1 crore – Up to Rs 10 crore: 7% Taxable income above Rs 10 crore: 12% Health and Education cess will also be levied at the rate of 4% on the income tax amount and cess (if applicable). Note: These tax rates are for FY 23-24. This may vary in case of special taxation, such as under section 115BAA or section 115BAB or other tax deductions. Advantages of Private Limited Company Limited Liability: As a shareholder, you have no personal liability and are not required to pay the company's liabilities from your assets. Separate Legal Entity: A private limited company becomes a separate legal entity after incorporation.