Paying Taxes in Lucknow, India

The table below addresses the taxes that a medium-size company must pay or withhold in a given year in Lucknow, India, as well as measures of administrative burden in paying taxes.
Tax Payments (number) Time (hours) Statutory tax rate Tax base Total tax rate (% profit)
Central Sales Tax 12 128 4% purchase price 29.1
Uttar Pradesh Sales tax 12 - 2.5% purchase price 4.5
Tax on interest 1 - a) 20.91% interest income 0.5
Social security contribution 12 96 12% gross salaries 13.9
Corporate income tax 4 40 33.66% taxable profits 14.0
Dividend tax 1 - a) 14.03% dividend distributions 2.1
Vehicle tax 1 - a) fixed fee - 0.0
Property Tax 1 - a) various rates - 2.5
Stamp duty 1 - a) fixed fee (Rs 50) - - c)
Fuel tax 1 - a) Rs. 3.25 per liter fuel consumption 9.2
Tax on insurance contracts 1 - a) 10% insurance premium 0.2
Employers state insurance 12 - a) 4.75% gross salaries 5.5
Totals: 59 264 81.5

Notes:


a) data not collected
b) VAT is not included in the total tax rate because it is a tax levied on consumers
c) very small amount
d) included in other taxes
e) Withheld tax
f) electronic filling available
g) paid jointly with another tax

Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.

When there is more than one statutory tax rate, the one applicable to TaxpayerCo is reported.

The hours for VAT include all the VAT and sales taxes applicable

The hours for Social Security include all the hours for labor taxes in general