India

Paying Taxes in

Guwahati - India

This topic addresses 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 subnational project in India, which measures and compares regulations relevant to the life cycle of a small to medium-sized domestic business in cities and regions.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Central sales tax 12 135 4%, as of Apr 2007: 3% purchase price 22.98
Corporate income tax 1 online filing 47 30.00% taxable profits 19.7
Social security contributions 12 96 12.00% gross salaries 13.54
Stamp duty 0 8.25% transaction value 5 not included
Employee's state insurance contribution 12 4.75% gross salaries 4.64
Dividend tax 1 14.00% dividend distributions 2.81
Property tax 4 31.5% (15% general tax, 10% water tax, 2.5% scavenging tax, 1% light tax, 3% immovable urban tax) assessed (rental) value 1.64
Environment tax 1 fixed hazardous waste produced 1.06
Income surcharge 0 paid jointly 10.00% on all federal taxes 0.93 included in other taxes
Fuel tax 1 6% + INR 3.25 per liter fuel consumption 0.51
Fringe benefit tax 4 30.00% value of specified corporate expenses (usually 20%) 0.26
Tax on insurance contracts 1 online filing 12.36% insurance premium 0.26
Education fees 0 paid jointly 2.00% all federal taxes including the surcharge 0.01 included in other taxes
Secondary & Higher education fees 0 paid jointly 1.00% all federal taxes including the surcharge 0.01 included in other taxes
Municipal business tax 0 - - 0.00
Municipal employee tax 0 - - 0.00
Tax on interest 0 withheld 20.00% interest income 0.00 not included
State VAT 12 paid jointly 12.50% value added 0.00 not included
CENVAT (excise duty) 1 online filing 16.48% value added 0.00 included in other taxes
Vehicle tax (pollution tax) 0 - - 0.00
Totals: 62 278 67.4

Data snapshots