Income tax in India for Corporates

Rates

for Indian companies

Business income is taxed at a flat rate.

• pay 33% tax on business income
  • with a 10% surcharge applied on the tax paid by companies with gross turnover over of Rs. 1 crore (10 million).

for Foreign companies

• pay 40% tax on business income<ref>Income Tax Act, Tax rates for foreign companies</ref>.
  • An education cess of 3% (on both the tax and the surcharge) are payable, yielding effective tax rates of 33.99% for domestic companies and 41.2% for foreign companies.

See also

• View a full fledged demo on eDeskOnline
• Taxation in India
  • Income tax in India
    • Permanent account number for Income tax in India
    • Income tax in India for Individuals
    • Income tax in India for Partnership Firms
    • Income tax in India for Corporates
    • Income tax in India for Hindu Undivided Families _ HUFs
    • TDS Tax Deducted at Source Indian Income Tax
    • My eTax Profile.
    • Capital Account
    • Capital gain
    • Capital gains tax
    • Stt on capital Gains
    • Capital Gains (India)
    • Advance Income tax in India
    • Guide to filing tax returns
    • Income Tax FAQs
      • Accounting using eDeskOnline
      • Prepare for your Taxation on eDeskOnline