The Effective Corporate Tax Rate for domestic companies in India stands at 25.17 percent inclusive of all surcharges and cess for such domestic companies. India's government announced on September 20th a cut in the corporate tax rate for domestic firms and new domestic manufacturing companies to 22 percent from 30 percent. The new tax rate will be applicable from the current fiscal which began on April 1st. India Corporate Tax Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Corporate Tax Rate in India averaged 34.11 percent from 1997 until 2020, reaching an all time high of 38.95 percent in 2001 and a record low of 25.17 percent in 2019. This page provides - India Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Corporate Tax Rate in India is expected to reach 25.17 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Corporate Tax Rate is projected to trend around 25.17 percent in 2021, according to our econometric models.

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India Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
25.17 25.17 38.95 25.17 1997 - 2020 percent Yearly

India Corporate Tax Rate
In India, the Corporate Income tax rate refers to the highest effective rate for Corporate Income for domestic companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. Revenues from the Corporate Tax Rate are an important source of income for the government of India.