Income Tax Filing for LLPs — Flat 30%, Filed with ITR-5
Income tax for LLPs — filed as ITR-5 at a flat 30% rate plus surcharge and cess, with partner remuneration and interest structured within Section 40(b) limits to keep the LLP's tax bill down without inviting scrutiny.
- Flat 30% + cess
- ITR-5 filing
- Remuneration planning
Free Consultation
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Taxed differently from an individual — or a company.
An LLP is taxed as a "firm" under the Income Tax Act — a flat 30% on total income, plus a 12% surcharge above ₹1 crore and a 4% health and education cess, filed on Form ITR-5. There's no basic exemption slab the way individual taxpayers get; the flat rate applies from the first rupee of profit.
The one real lever an LLP has is partner remuneration and interest. Paid within the limits set by Section 40(b), it's deducted from the LLP's taxable income and taxed instead as business income in the partners' hands — taxed once, not twice. The remaining profit share stays exempt for partners under Section 10(2A), since it's already been taxed at the LLP level. Get the remuneration structuring wrong, and either the deduction gets disallowed or it invites scrutiny — this is usually the single biggest tax-planning decision an LLP makes each year.
How it works
Books & Provisional P&L Review
Tax Audit Check
Partner Remuneration & Interest
ITR-5 Filing
What We Need From You
Checklist- Books of account and financial statements for the year
- Bank statements for the financial year
- Partner remuneration and interest working papers
- Details of any TDS deducted or deductible
- Prior year's filed ITR, if any
- PAN of the LLP
Plan Your LLP's Income Tax
Share your details — our team calls back the same working day.
Two dates that matter.
No Tax Audit Required
ITR-5 filed directly by 31st July, if turnover stays under the Section 44AB audit thresholds.
Tax Audit Required
Above ₹1 crore turnover (business) or ₹50 lakh (profession) — Form 3CB-3CD is filed by a chartered accountant ahead of the ITR-5.
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Income tax filing for LLPs by area.
Satellite
West Ahmedabad
Income Tax for LLP ↗SG Highway
Ahmedabad's Corporate Corridor
Income Tax for LLP ↗Maninagar
East Ahmedabad
Income Tax for LLP ↗Changodar
Ahmedabad Industrial Belt (NH8)
Income Tax for LLP ↗Sindhu Bhavan Road (SBR)
West Ahmedabad
Income Tax for LLP ↗Anand
Charotar Region, Gujarat
Income Tax for LLP ↗Frequently asked questions
A flat 30% on total income, plus a 12% surcharge if income exceeds ₹1 crore, plus 4% health and education cess — there's no basic exemption slab the way individual taxpayers get.
No. Remuneration and interest paid to partners within Section 40(b) limits are deducted from the LLP's taxable income and then taxed as business income in the partner's hands — only once. The remaining profit share is exempt in partners' hands under Section 10(2A), since it's already been taxed at the LLP level.
If turnover exceeds ₹1 crore for a business, or ₹50 lakh for a profession — though this rises to ₹10 crore for businesses where cash receipts and payments each stay under 5% of the total.
31st July if no tax audit is required, 31st October if one is — audited LLPs also need Form 3CB-3CD certified by a chartered accountant ahead of the return.
Yes, provided the return is filed by the original due date — a belated return forfeits the right to carry forward most types of loss.