If taxable income of a domestic company for the Assessment Year 2013-14 is Rs. 90,00,000, its tax…

For Assessment Year 2013-14, a domestic company with taxable income of Rs. 90,00,000 (not exceeding the Rs. 1 crore surcharge threshold) was taxed at a flat corporate tax rate of 30%, giving basic tax of $90{,}00{,}000 \times 30\% = \text{Rs. } 27{,}00{,}000$. Adding Education Cess and Secondary and Higher Education Cess at 3% ($27{,}00{,}000 \times 3\% = \text{Rs. } 81{,}000$) yields a total tax liability of "Rs. 27,81,000".