This Return Form is to be used by all the Companies except those who claim exemption under section 11 for Charitable and religious purpose. 

Thus all Companies with following Income can file ITR-5

• Income from House Property

• Income from carrying on a Profession

• Income from Capital gains

• Income from other sources

Who is not eligible to use ITR-6 Form?

A. This Return Form should not be used by – 

(a) an individual; 

(b) HUF;

(c) Partnership firm, LLP, AOP and BOI; 

(d) Company claiming exemption under section 11; 

Income Tax Rates for Domestic Company (AY 2021-22)

Surcharge: 

7% of the tax amount where total income exceeds INR 1 Crores

12% of the tax amount where total income exceeds INR 10 Crores

10% of the tax amount where the company opted for Section 115 BAA & 115 BAB irrespective of any income.

Health and Education Cess : The amount of income-tax and the applicable surcharge, shall be further increased by health and education cess calculated at the rate of 4% of such income-tax and surcharge

Income Tax Rates for Foreign Company (AY 2021-22)

Surcharge: 

2% of the tax amount where total income exceeds INR 1 Crores

5% of the tax amount where total income exceeds INR 10 Crores

Health and Education Cess : The amount of income-tax and the applicable surcharge, shall be further increased by health and education cess calculated at the rate of 4% of such income-tax and surcharge