India Corporate Tax Rate 2024

India Corporate Tax Rate 2024. Vice president kamala harris has endorsed increasing the corporate tax rate to 28% from 21%, according to her campaign, echoing president biden’s. The indian corporate tax rate for domestic companies stands at a basic rate of 30% on total income.

But, equally importantly, the government also proffered a 15 per cent concessional tax rate for newly set up domestic manufacturing companies that commenced manufacturing. The corporate tax rate in india stands at 34.94 percent.