Latest: Colombia 15:00 Colombian Presidential Election Forecast: 0
Latest: Switzerland 12:00 SNB Gov Board Member Zurbrugg Speaks Forecast: 0
Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0

India Corporate Tax Rate

Corporate Tax Rate in India

Indicator Data Period
Corporate Tax Rate 34.94 % 2022


Latest data on Corporate Tax Rate (%)

Corporate Tax Rate
                     India - Historical Data (%)

What is Corporate Tax Rate in India?

  • Corporate Tax Rate in India increased to 34.94 % in 2022. The maximum rate was 38.95 % and minimum was 25.17 %.
  • Data published Yearly by Ministry of Finance.

Historical Data (%) by years

Data
Period
Date
34.94 2022 17.10.2022
25.17 2021 09.02.2021
25.17 2020 03.02.2020
25.17 2019 22.01.2019
34.61 2018 16.02.2018
30 2017 11.08.2017
34.61 2016 31.12.2016
34.61 2015 31.12.2015


Historical Chart by presidents (%)

Corporate Tax Rate in India by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Ram Kovind 25.07.2017 - 30.0000 34.6100 34.6100 30.0000 15.37%
Pranab Mukherjee 25.07.2012 - 25.07.2017 32.4500 34.6100 34.6100 32.4500 6.66%
Pratibha Patil 25.07.2007 - 25.07.2012 33.9900 32.4400 33.9900 32.4400 -4.56%
Avul Jainulabdeen 25.07.2002 - 25.07.2007 35.7000 33.6600 36.7500 33.6600 -5.71%
Kocheril Narayanan 25.07.1997 - 26.07.2002 35.0000 38.9500 38.9500 35.0000 11.29%

Other taxes in India

Index Updated Actual Previous
Personal Income Tax Rate 2022 42.74 % 42.74
Sales Tax Rate 2023 18 % 18
Social Security Rate 2023 24 % 24

Corporate Tax Rate in other countries

Country Updated Actual Previous
Bangladesh 2022 30 % 32.5
Jordan 2018 20 % 20
Mongolia 2023 25 % 25
Cambodia 2023 20 % 20
China 2022 25 % 25
Georgia 2023 15 % 15
India 2022 34.94 % 25.17
Israel 2023 23 % 23
Pakistan 2023 29 % 29
South Korea 2023 27.5 % 27.5
Taiwan 2023 20 % 20
Vietnam 2023 20 % 20
Maldives 2023 15 % 15
Armenia 2018 20 % 20
Hong Kong 2023 16.5 % 16.5
Indonesia 2023 22 % 22
Japan 2022 30.62 % 30.62
Kazakhstan 2023 20 % 20
Lebanon 2023 17 % 17
Macau 2023 12 % 12
Malaysia 2023 24 % 24
Philippines 2023 25 % 25
Qatar 2023 10 % 10
Singapore 2023 17 % 17
Sri Lanka 2023 24 % 24
Thailand 2023 20 % 20
Oman 2023 15 % 15
Laos 2023 20 % 20
Azerbaijan 2022 20 % 20
Kuwait 2023 15 % 15
Saudi Arabia 2023 20 % 20
Bahrain 2023 0 % 0
United Arab Emirates 2023 9 % 0
Yemen 2021 20 % 20
Uzbekistan 2023 15 % 15
Iraq 2023 15 % 15
Syria 2023 28 % 28
Afghanistan 2022 20 % 20
Brunei 2022 18.5 % 18.5
Mauritius 2023 15 % 15