AI-Assisted Content: Summaries are AI-generated for general reference. Always verify with the official tax authority.
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Asia

India

India has two parallel personal tax regimes — old (with deductions) and new (lower rates, default). Corporate rates vary by company type.

Personal income tax

0–30% (+ surcharge & cess)
Top marginal rate / range

Corporate tax

22% / 15% (new mfg)
Standard rate

VAT / Sales tax

GST 5–28%
Standard indirect tax

At a glance

  • Tax year1 April – 31 March
  • Filing deadline31 July
  • Capital gains12.5% LT equity
  • Surcharge10–25%
  • Cess4%
Official Tax Authority Income Tax Department
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This is a brief, AI-assisted summary intended for general reference only. Tax laws change frequently and vary by individual circumstance. Always verify current rates, rules, and obligations with India's official tax authority (linked above) or a qualified tax professional before making any decision.