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 34.11 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. India Corporate Tax Rate - values, historical data and charts - was last updated on July of 2020.
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.