Investor Presentaiton
A conducive tax structure
Tax structure in India
• The Government of India has undertaken
a slew of measures and policy reforms to
simplify the corporate tax structure,
enabling streamlined operations for
businesses operating in the country, while
also drawing attention from foreign
investors.
• Since then, the country has also been
ranking higher in terms of ease of doing
business, given several incentives in
place. Introduction of GST, along with
certain exemptions and initiatives has
facilitated higher participation of
companies.
• A record collection of INR1,67,540 crore
gross GST revenues in April 20221, highest
since the GST inception, is reflective of
larger compliance and easier tax
processes.¹
TITIT
TIITI
Tax as
Direct Tax
per slab
rates, with
highest
bracket
Individual
Tax
of 30 per
cent*
Corporate Tax
(Companies)
Key rates
Domestic companies
•
Newly set up manufacturing
companies -15 per cent
• Concessional rate without
incentives - 22 per cent
•
Normal rate-30 per cent
with incentives but subject
to Minimum Alternate Tax @
15 per cent
Foreign companies -
40 per cent
All percentages excludes cess
and surcharges
Indirect Tax
GST
Corporate
Tax
Corporate Tax
(LLP)
Central GST State GST
Integrated GST
GST Compensation
cess, if applicable
Customs duty
Tax rate-
30 per cent
Alternate Minimum Tax (AMT) -
18.5 per cent
GOODD
Doing business in India | 16
1. All time high Gross GST collection in April'2022, breaching earlier record of 1,42,095 crore collected in the Month of March 2022, Ministry of Finance, April 2022
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