What is the corporate tax rate in India for 2025-26?
Domestic companies pay 25% (for turnover up to ₹400 cr) or 30%. New manufacturing companies enjoy a 15% concessional rate under Section 115BAB (set up after Oct 2019). Add 12% surcharge above ₹1cr profit + 4% cess.
Should a high-income self-employed person incorporate?
If your net profit exceeds ₹30–40L annually, incorporating as a Private Limited Company can save tax since the corporate rate (25%) is lower than personal peak rate (30% + surcharge). Factor in compliance costs before deciding.
What is advance tax for businesses?
Businesses must pay 15% by June 15, 45% by Sept 15, 75% by Dec 15, and 100% by March 15. Failure attracts interest under Sections 234B and 234C.
📬 Get Free FY 2025-26 Finance Updates
Tax changes, RBI rate updates, new calculators — straight to your inbox. 100% free, unsubscribe anytime.
✅ You're subscribed! Check your inbox for a confirmation.