India Corporate income tax rate
India Corporate income tax rate is 22 percent, in force since 20 Sep 2019, cited to Income Tax Department e-filing portal. Last checked against the official source on 20 Jul 2026.
Official source: Income Tax Department e-filing portal · Last checked 2026-07-20 · source fingerprint
Headline corporate income tax rate for domestic companies — the 22% concessional flat regime (s.115BAA of the Income-tax Act, 1961; re-enacted as s.200 of the Income-tax Act, 2025) that most companies have elected; effective 25.17% with surcharge and cess.
| Current value | 22 percent |
|---|---|
| In force from | 2019-09-20 |
| Official source | Income Tax Department e-filing portal, 'Domestic Company for AY 2026-27' (rates under the Income-tax Act; s.115BAA regime introduced by the Taxation Laws (Amendment) Act, 2019 w.e.f. 20-09-2019, re-enacted as s.200 of the Income-tax Act, 2025; continued unchanged by Finance Act, 2026) |
| Last verified | 2026-07-20 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
22% is the optional flat concessional rate for domestic companies (no incentive deductions, exempt from MAT), elected by the large majority of the corporate tax base and treated as India's headline rate. Effective rate 25.168% = 22% + 10% surcharge + 4% Health & Education Cess. Default regime for non-electing companies: 30% (25% where turnover in the statutory reference year does not exceed INR 4 billion / Rs 400 crore) plus surcharge 7% (income > Rs 1 crore) or 12% (> Rs 10 crore) plus 4% cess; MAT 15% of book profit. New-manufacturing regime: 15% (+10% surcharge +4% cess = 17.16%) under s.115BAB (now s.201, ITA 2025) for companies incorporated on/after 2019-10-01 — commencement-of-production window closed 2024-03-31, so it is legacy-only for new entrants. Foreign companies: 35% + surcharge/cess. The Income-tax Act, 2025 (in force 2026-04-01, first 'tax year' 2026-27) re-numbered sections but changed no rates; Finance Act, 2026 continued all corporate rates unchanged. Rates page loaded from the official e-filing portal (AY 2026-27).
Get it programmatically
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