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Tax or mandatory contribution Statutory tax rate Tax base Payments (number)
Corporate Income Tax 30% Taxable profits 12
Social Security Contributions
• Companies contribute 12% of their employee’s specified salary into Provident fund
scheme.
Tax or mandatory contribution Statutory tax rate Tax base Payments (number)
Social Security Contributions 12% Gross salaries 12
Employee’s State Insurance Contribution
• Employees' State Insurance (abbreviated as ESI) is a self-financing social security and health
insurance scheme for Indian workers.
• As per ESI Act 1948, this is managed by the Employees' State Insurance Corporation (ESIC)
• An employee who is not required to pay employees' contribution is called an
exempted employee.
• Has to be paid every month (i.e. 12 times a year).
• Statutory Tax Rate: 4.75%
• The tax is calculated on the gross salaries
• Total tax and contribution rate: 4.64%
Stamp Duty
• Stamp duty is a tax that is levied on documents.
• Stamp duty is payable under Section 3 of the Indian Stamp Act, 1899.
• Stamp Duty must be paid in full and on time.
• If there is a delay in payment of stamp duty, it attracts penalty.
• Document not properly stamped, is not admitted as evidence by the court.
• Statutory Tax Rate: 6.00%
• The tax is calculated on the transaction value.
• Total tax and contribution rate: 3.64%
Dividend Tax
• Dividend distribution tax is the tax imposed by the Indian Government on companies
according to the dividend paid to a company's investors.
• Has to be paid once in a year.
• Statutory Tax Rate: 14.00%
• The tax is calculated on the dividend distributions.
• Total tax and contribution rate: 3.37%
Property Tax in Delhi
• The property tax is calculated on the basis of Annual value method.
• Tax is payable to one of the three municipal corporations in Delhi, i.e., North Delhi Municipal
Corporation, South Delhi Municipal Corporation and East Delhi Municipal Corporation.
• Property tax is levied as a percentage charge on the annual value of the property as determined by
the MCD based on below criteria.
Property tax or House Tax = Annual value * Rate of tax
Total Tax &
Tax or mandatory Statutory tax
Tax base Payments (number) Contribution rate
contribution rate
(% of Profit)
Property Tax 10% Assessed Value 1 2.95
Income Surcharge
• Surcharge is an additional charge or tax. Description: A surcharge of 10% on a tax rate of 30%
effectively raises the combined tax burden to 33%. In the case of individuals earning a net
taxable salary of more than Rs 1 crore, a surcharge of 10% is levied on tax liability