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. Corporate Tax Rate in India averaged 34.52 percent from 1997 until 2019, reaching an all time high of 38.95 percent in 2001 and a record low of 25.17 percent in 2019.

Corporate Tax Rate in India is expected to be 35.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Corporate Tax Rate is projected to trend around 35.00 percent in 2020, according to our econometric models.

India Corporate Tax Rate
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Forecast Data Chart
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India Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 25.17 34.61 38.95 25.17 percent [+]
Personal Income Tax Rate 35.88 35.54 35.88 30.00 percent [+]
Sales Tax Rate 18.00 18.00 18.00 12.36 percent [+]
Social Security Rate 24.00 24.00 24.00 24.00 percent [+]
Social Security Rate For Companies 12.00 12.00 12.00 12.00 percent [+]
Social Security Rate For Employees 12.00 12.00 12.00 12.00 percent [+]


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. This page provides - India Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Corporate Tax Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
25.17 34.61 38.95 25.17 1997 - 2019 percent Yearly




Country Last Previous
Argentina 35.00 Dec/18
Brazil 34.00 Dec/19
France 31.00 Dec/19
Japan 30.86 Dec/19
Australia 30.00 Dec/19
Germany 30.00 Dec/19
Mexico 30.00 Dec/19
South Africa 28.00 Dec/18
Canada 26.50 Dec/18
India 25.17 Dec/19
China 25.00 Dec/19
Indonesia 25.00 Dec/18
Netherlands 25.00 Dec/19
South Korea 25.00 Dec/19
Spain 25.00 Dec/19
Italy 24.00 Dec/19
Turkey 22.00 Dec/19
United States 21.00 Dec/19
Russia 20.00 Dec/19
Saudi Arabia 20.00 Dec/18
United Kingdom 19.00 Dec/19
Switzerland 18.00 Dec/19
Singapore 17.00 Dec/19


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