As you know, taxes are levied by the government on their citizens/ entities to generate income for undertaking projects to boost the country’s economy and raise its citizens’ standard of living. As tax is a significant component of the income of any Government, the taxation system in India has been divided into two parts-
- Direct tax
- Indirect tax
The tax rates and compliance under tax laws vary depending on the type of the assessee, type of business, location, etc.
In this guide, we show you India’s corporate tax structure, tax rates, deadlines that you need to keep in mind, and business compliance requirements to help you get a clearer picture of registering an Indian company.
This guide addresses the following questions:
- What is the Corporate Tax Structure in India?
- What is considered as income for my company?
- What are the tax rates?
- What is the Tax filing timeframe?
- What are the Business Compliance requirements in India?