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    Question

    What is the corporate tax rate for domestic companies in

    India?  
    A 20% Correct Answer Incorrect Answer
    B 25% Correct Answer Incorrect Answer
    C 30% Correct Answer Incorrect Answer
    D 35% Correct Answer Incorrect Answer
    E 40% Correct Answer Incorrect Answer

    Solution

    The corporate tax for domestic companies in India is 25% , which was continued in the Union Budget 2024-25.   However, the 2024-25 Budget has reduced the tax rate for foreign companies from 40% to 35% which will result in more investments and foreign inflows.  

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