India

Paying Taxes in

India

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

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To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 1 online filing 45 30.00% taxable profits 20.8
Central Sales Tax 1 online filing 113 2% purchase price 14.1
Social security contributions 12 96 12% gross salaries 13.5
Employee's state insurance contribution 12 4.75% gross salaries 4.6
Dividend tax 1 16.99% dividend distributions 3.9
Property tax 1 10% assessed value 3.3
Fuel tax 1 INR 2.75/- per liter (CENVAT) from 1.1.2010 to 28.02.2010 and INR 3.75 per liter from 1.3.2010 to 31.12.2010 + INR 2 per liter + 26% VAT fuel consumption 1.2
Tax on insurance contracts 1 10.30% insurance premium 0.2
Vehicle tax (pollution tax) 1 fixed fee (INR 100) per vehicle in use 0
State VAT 1 online filing 12.5% value added not included
CENVAT (Excise Duty) 1 online filing 10.3% value added included in other taxes
Tax on interest 0 withheld 10.00% interest income included in other taxes
Income surcharge 0 paid jointly 7.5% on all federal taxes included in other taxes
Education cess 0 paid jointly 2.0% all federal taxes including the surcharge included in other taxes
Secondary & Higher education cess 0 paid jointly 1.0% all federal taxes including the surcharge included in other taxes
Totals: 33 254 61.8
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