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.