Q. How does taxation work over One Person Company (OPC) in India?
Paras Mehra February 9, 2017 3.26K Views
Taxation under One Person Company is very similar to the Private Limited Company under which tax is imposed on profits earned by the company @ 29%. Further, the tax rates are further reduced to 25% for Small and Medium Enterprises.
This is different from the proprietorship under which slab rate is applicable. Further, proprietors can avail the benefit of presumptive taxation but One Person Company cannot.
