{"id":25355,"date":"2025-03-11T12:10:55","date_gmt":"2025-03-11T12:10:55","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=25355"},"modified":"2025-03-11T12:10:55","modified_gmt":"2025-03-11T12:10:55","slug":"corporate-tax-on-domestic-companies","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/","title":{"rendered":"Corporate Tax on Domestic Companies"},"content":{"rendered":"<p>Corporate tax is a direct tax levied on the <strong>profits of companies<\/strong> in India. It is one of the key revenue sources for the government and is applicable to <strong>domestic companies and foreign companies<\/strong> operating in India. Domestic companies, which are incorporated in India and operate within its jurisdiction, are subject to <strong>corporate tax under the Income Tax Act, 1961<\/strong>.<\/p>\n<p>In this article, we will explore <strong>corporate tax on domestic companies<\/strong>, including tax rates, exemptions, deductions, compliance requirements, and recent amendments to taxation laws.<\/p>\n<hr \/>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#Understanding_Corporate_Tax_on_Domestic_Companies\" >Understanding Corporate Tax on Domestic Companies<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#Key_Features_of_Corporate_Tax_for_Domestic_Companies\" >Key Features of Corporate Tax for Domestic Companies:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#Corporate_Tax_Rates_for_Domestic_Companies\" >Corporate Tax Rates for Domestic Companies<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#1_Normal_Tax_Regime_Without_Special_Concessions\" >1. Normal Tax Regime (Without Special Concessions)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#2_Concessional_Tax_Regimes_Optional\" >2. Concessional Tax Regimes (Optional)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#Minimum_Alternate_Tax_MAT_for_Domestic_Companies\" >Minimum Alternate Tax (MAT) for Domestic Companies<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#MAT_Applicability\" >MAT Applicability:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#MAT_Calculation_Example\" >MAT Calculation Example:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#Deductions_and_Exemptions_for_Domestic_Companies\" >Deductions and Exemptions for Domestic Companies<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#1_Depreciation_Deduction_Section_32\" >1. Depreciation Deduction (Section 32)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#2_R_D_and_Innovation_Benefits_Section_35\" >2. R&amp;D and Innovation Benefits (Section 35)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#3_Deduction_for_Startups_Section_80-IAC\" >3. Deduction for Startups (Section 80-IAC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#4_Deductions_on_Charitable_Contributions_Section_80G_80GGA\" >4. Deductions on Charitable Contributions (Section 80G, 80GGA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#5_Export_Incentives_Section_10AA\" >5. Export Incentives (Section 10AA)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#Advance_Tax_and_Compliance_for_Domestic_Companies\" >Advance Tax and Compliance for Domestic Companies<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#1_Advance_Tax_Payment\" >1. Advance Tax Payment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#2_Tax_Filing_and_Reporting\" >2. Tax Filing and Reporting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#3_TDS_Compliance\" >3. TDS Compliance<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#Recent_Amendments_in_Corporate_Taxation\" >Recent Amendments in Corporate Taxation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Understanding_Corporate_Tax_on_Domestic_Companies\"><\/span><strong>Understanding Corporate Tax on Domestic Companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A <strong>domestic company<\/strong> refers to a company that is <strong>registered under the Companies Act, 2013<\/strong>, or any earlier company law in India. These companies are <strong>taxed on their global income<\/strong>, irrespective of whether their earnings come from India or abroad.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Key_Features_of_Corporate_Tax_for_Domestic_Companies\"><\/span><strong>Key Features of Corporate Tax for Domestic Companies:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Tax is levied on <strong>net profits after deducting business expenses<\/strong>.<\/li>\n<li>The <strong>tax rate varies<\/strong> based on turnover and whether the company opts for concessional tax schemes.<\/li>\n<li>Companies can <strong>claim deductions and exemptions<\/strong> under different provisions of the Income Tax Act.<\/li>\n<li>Minimum Alternate Tax (MAT) applies in certain cases where a company\u2019s tax liability is lower than the prescribed minimum threshold.<\/li>\n<\/ul>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Corporate_Tax_Rates_for_Domestic_Companies\"><\/span><strong>Corporate Tax Rates for Domestic Companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The corporate tax rates for domestic companies in India depend on their <strong>turnover and whether they opt for concessional tax regimes<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Normal_Tax_Regime_Without_Special_Concessions\"><\/span><strong>1. Normal Tax Regime (Without Special Concessions)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<thead>\n<tr>\n<th><strong>Turnover (FY 2021-22)<\/strong><\/th>\n<th><strong>Corporate Tax Rate<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Up to \u20b9400 crore<\/td>\n<td>25%<\/td>\n<\/tr>\n<tr>\n<td>Above \u20b9400 crore<\/td>\n<td>30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>In addition, a <strong>surcharge<\/strong> is applicable as follows:\n<ul>\n<li>7% on income between <strong>\u20b91 crore and \u20b910 crore<\/strong>.<\/li>\n<li>12% on income <strong>above \u20b910 crore<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Health and Education Cess:<\/strong> 4% on total tax liability.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"2_Concessional_Tax_Regimes_Optional\"><\/span><strong>2. Concessional Tax Regimes (Optional)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To promote investment and ease taxation, the government has introduced <strong>lower tax rates under special schemes<\/strong>:<\/p>\n<table>\n<thead>\n<tr>\n<th><strong>Type of Company<\/strong><\/th>\n<th><strong>Tax Rate<\/strong><\/th>\n<th><strong>Conditions<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>New Manufacturing Companies (under Section 115BAB)<\/td>\n<td>15%<\/td>\n<td>Must be incorporated after Oct 1, 2019, and start production before March 31, 2024.<\/td>\n<\/tr>\n<tr>\n<td>Other Domestic Companies (under Section 115BAA)<\/td>\n<td>22%<\/td>\n<td>No claim of exemptions and deductions allowed.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Companies opting for concessional tax regimes must <strong>forgo various exemptions and deductions<\/strong> under the Income Tax Act.<\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Minimum_Alternate_Tax_MAT_for_Domestic_Companies\"><\/span><strong>Minimum Alternate Tax (MAT) for Domestic Companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Minimum Alternate Tax (MAT) is applicable when a company&#8217;s <strong>taxable income is significantly reduced due to exemptions and deductions<\/strong>. To ensure a minimum tax contribution, companies must pay <strong>at least 15% of their book profits as MAT<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"MAT_Applicability\"><\/span><strong>MAT Applicability:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>MAT applies at <strong>15% of book profits<\/strong> (plus surcharge and cess).<\/li>\n<li>Companies opting for the <strong>concessional tax regimes (22% or 15%) are exempt from MAT<\/strong>.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"MAT_Calculation_Example\"><\/span><strong>MAT Calculation Example:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If a company\u2019s taxable income after deductions is <strong>\u20b95 crore<\/strong>, but its book profits are <strong>\u20b98 crore<\/strong>, the company must pay:<\/p>\n<ul>\n<li><strong>15% of \u20b98 crore<\/strong> = \u20b91.2 crore (plus surcharge &amp; cess).<\/li>\n<\/ul>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Deductions_and_Exemptions_for_Domestic_Companies\"><\/span><strong>Deductions and Exemptions for Domestic Companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Domestic companies can <strong>claim several deductions and exemptions<\/strong> to reduce their tax liability under the Income Tax Act.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Depreciation_Deduction_Section_32\"><\/span><strong>1. Depreciation Deduction (Section 32)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Companies can claim depreciation on <strong>fixed assets like machinery, buildings, and equipment<\/strong>.<\/li>\n<li><strong>Additional depreciation (20%)<\/strong> is allowed for new machinery in the manufacturing sector.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"2_R_D_and_Innovation_Benefits_Section_35\"><\/span><strong>2. R&amp;D and Innovation Benefits (Section 35)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>150% deduction<\/strong> on expenditure incurred for in-house research and development (R&amp;D).<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"3_Deduction_for_Startups_Section_80-IAC\"><\/span><strong>3. Deduction for Startups (Section 80-IAC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Eligible startups can claim <strong>100% tax exemption for 3 out of the first 10 years<\/strong>.<\/li>\n<li>The total turnover should not exceed <strong>\u20b9100 crore<\/strong> in any year.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"4_Deductions_on_Charitable_Contributions_Section_80G_80GGA\"><\/span><strong>4. Deductions on Charitable Contributions (Section 80G, 80GGA)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Donations made to approved charitable institutions and research organizations qualify for <strong>50% to 100% deductions<\/strong>.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"5_Export_Incentives_Section_10AA\"><\/span><strong>5. Export Incentives (Section 10AA)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Special Economic Zone (SEZ) units can claim <strong>tax exemptions for export income<\/strong>.<\/li>\n<\/ul>\n<p>Companies opting for <strong>lower tax rates (22% or 15%) under Sections 115BAA &amp; 115BAB cannot claim most deductions<\/strong>.<\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Advance_Tax_and_Compliance_for_Domestic_Companies\"><\/span><strong>Advance Tax and Compliance for Domestic Companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Advance_Tax_Payment\"><\/span><strong>1. Advance Tax Payment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Companies must pay <strong>advance tax in installments<\/strong> throughout the year if their tax liability exceeds <strong>\u20b910,000 per year<\/strong>.<\/p>\n<table>\n<thead>\n<tr>\n<th><strong>Due Date<\/strong><\/th>\n<th><strong>Advance Tax Payable<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>June 15<\/td>\n<td>15%<\/td>\n<\/tr>\n<tr>\n<td>September 15<\/td>\n<td>45% (cumulative)<\/td>\n<\/tr>\n<tr>\n<td>December 15<\/td>\n<td>75% (cumulative)<\/td>\n<\/tr>\n<tr>\n<td>March 15<\/td>\n<td>100%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Late payments attract <strong>interest under Sections 234B and 234C<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Tax_Filing_and_Reporting\"><\/span><strong>2. Tax Filing and Reporting<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Income Tax Return (ITR-6)<\/strong>: Companies (except those claiming exemption under Section 11) must file ITR-6.<\/li>\n<li><strong>Tax Audit (Section 44AB)<\/strong>: Mandatory for companies with turnover exceeding <strong>\u20b91 crore<\/strong>.<\/li>\n<li><strong>Transfer Pricing Audit (Section 92E)<\/strong>: Required for companies engaged in <strong>international transactions<\/strong>.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"3_TDS_Compliance\"><\/span><strong>3. TDS Compliance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Companies must <strong>deduct and deposit TDS<\/strong> (Tax Deducted at Source) for payments made to vendors, employees, and professionals.<\/p>\n<ul>\n<li><strong>Salaries (Section 192):<\/strong> As per income slab rates.<\/li>\n<li><strong>Professional Fees (Section 194J):<\/strong> 10% TDS.<\/li>\n<li><strong>Rent (Section 194I):<\/strong> 10% for land\/building, 2% for machinery.<\/li>\n<\/ul>\n<p>Non-compliance can result in <strong>penalties and interest charges<\/strong>.<\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Recent_Amendments_in_Corporate_Taxation\"><\/span><strong>Recent Amendments in Corporate Taxation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The government periodically revises corporate tax policies to <strong>boost economic growth and ease compliance<\/strong>. Some key amendments include:<\/p>\n<ul>\n<li><strong>Reduction of corporate tax rates<\/strong> (22% &amp; 15%) for companies opting for no-exemption regimes.<\/li>\n<li><strong>Tax holiday for startups extended<\/strong> under <strong>Section 80-IAC<\/strong>.<\/li>\n<li><strong>Increased deduction for R&amp;D investments<\/strong> in technology and innovation.<\/li>\n<\/ul>\n<p>These measures aim to <strong>make India a more attractive destination for businesses<\/strong>.<\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Corporate tax on domestic companies in India varies based on <strong>turnover, tax schemes, and deductions<\/strong> claimed. While companies have <strong>multiple options to reduce tax liability<\/strong>, they must carefully assess <strong>compliance requirements and concessional tax benefits<\/strong> before choosing a tax regime.<\/p>\n<p>By understanding <strong>applicable rates, exemptions, and compliance rules<\/strong>, companies can effectively <strong>plan their tax strategies and maximize profitability<\/strong> while staying compliant with Indian tax laws.<\/p>\n<p>For better tax planning and compliance, companies should seek <strong>professional advice from tax consultants and chartered accountants<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>For more such articles, visit us at: <a href=\"https:\/\/vibrantfinserv.com\/kb\/\">https:\/\/vibrantfinserv.com\/kb\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corporate tax is a direct tax levied on the profits of companies in India. It is one of the key revenue sources for the government and is applicable to domestic companies and foreign companies operating in India. Domestic companies, which are incorporated in India and operate within its jurisdiction, are subject to corporate tax under\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":25356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,67],"tags":[53880],"class_list":["post-25355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-registration","category-company-secretarial-compliances","tag-corporate-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Corporate Tax on Domestic Companies - Knowledge Base | Vibrant Finserv<\/title>\n<meta name=\"description\" content=\"We will explore corporate tax on domestic companies, including tax rates, exemptions and recent amendments to taxation laws.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporate Tax on Domestic Companies - Knowledge Base | Vibrant Finserv\" \/>\n<meta property=\"og:description\" content=\"We will explore corporate tax on domestic companies, including tax rates, exemptions and recent amendments to taxation laws.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Knowledge Base | Vibrant Finserv\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-11T12:10:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/03\/Corporate-Tax-on-Domestic-Companies.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"kbadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"kbadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/\"},\"author\":{\"name\":\"kbadmin\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345\"},\"headline\":\"Corporate Tax on Domestic Companies\",\"datePublished\":\"2025-03-11T12:10:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/\"},\"wordCount\":887,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#organization\"},\"image\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/03\/Corporate-Tax-on-Domestic-Companies.png\",\"keywords\":[\"Corporate tax\"],\"articleSection\":[\"Company Registration\",\"Company Secretarial Compliances\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/\",\"name\":\"Corporate Tax on Domestic Companies - Knowledge Base | Vibrant Finserv\",\"isPartOf\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/03\/Corporate-Tax-on-Domestic-Companies.png\",\"datePublished\":\"2025-03-11T12:10:55+00:00\",\"description\":\"We will explore corporate tax on domestic companies, including tax rates, exemptions and recent amendments to taxation laws.\",\"breadcrumb\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#primaryimage\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/03\/Corporate-Tax-on-Domestic-Companies.png\",\"contentUrl\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/03\/Corporate-Tax-on-Domestic-Companies.png\",\"width\":1000,\"height\":540,\"caption\":\"Corporate Tax on Domestic Companies\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/vibrantfinserv.com\/kb\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Corporate Tax on Domestic Companies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#website\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/\",\"name\":\"Knowledge Base | Vibrant Finserv\",\"description\":\"Your success, our passion !!\",\"publisher\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/vibrantfinserv.com\/kb\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#organization\",\"name\":\"Knowledge Base | Vibrant Finserv\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/04\/logo.jpg\",\"contentUrl\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/04\/logo.jpg\",\"width\":200,\"height\":95,\"caption\":\"Knowledge Base | Vibrant Finserv\"},\"image\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345\",\"name\":\"kbadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3a13255b04334420c1e5998f8a775bdef7b1395bf244de67e7a3e44010893e4c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3a13255b04334420c1e5998f8a775bdef7b1395bf244de67e7a3e44010893e4c?s=96&d=mm&r=g\",\"caption\":\"kbadmin\"},\"sameAs\":[\"https:\/\/vibrantfinserv.com\/kb\"],\"url\":\"https:\/\/vibrantfinserv.com\/kb\/author\/kbadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Corporate Tax on Domestic Companies - Knowledge Base | Vibrant Finserv","description":"We will explore corporate tax on domestic companies, including tax rates, exemptions and recent amendments to taxation laws.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/","og_locale":"en_US","og_type":"article","og_title":"Corporate Tax on Domestic Companies - Knowledge Base | Vibrant Finserv","og_description":"We will explore corporate tax on domestic companies, including tax rates, exemptions and recent amendments to taxation laws.","og_url":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/","og_site_name":"Knowledge Base | Vibrant Finserv","article_published_time":"2025-03-11T12:10:55+00:00","og_image":[{"width":1000,"height":540,"url":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/03\/Corporate-Tax-on-Domestic-Companies.png","type":"image\/png"}],"author":"kbadmin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"kbadmin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#article","isPartOf":{"@id":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/"},"author":{"name":"kbadmin","@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345"},"headline":"Corporate Tax on Domestic Companies","datePublished":"2025-03-11T12:10:55+00:00","mainEntityOfPage":{"@id":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/"},"wordCount":887,"commentCount":0,"publisher":{"@id":"https:\/\/vibrantfinserv.com\/kb\/#organization"},"image":{"@id":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#primaryimage"},"thumbnailUrl":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/03\/Corporate-Tax-on-Domestic-Companies.png","keywords":["Corporate tax"],"articleSection":["Company Registration","Company Secretarial Compliances"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/","url":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/","name":"Corporate Tax on Domestic Companies - Knowledge Base | Vibrant Finserv","isPartOf":{"@id":"https:\/\/vibrantfinserv.com\/kb\/#website"},"primaryImageOfPage":{"@id":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#primaryimage"},"image":{"@id":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#primaryimage"},"thumbnailUrl":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/03\/Corporate-Tax-on-Domestic-Companies.png","datePublished":"2025-03-11T12:10:55+00:00","description":"We will explore corporate tax on domestic companies, including tax rates, exemptions and recent amendments to taxation laws.","breadcrumb":{"@id":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#primaryimage","url":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/03\/Corporate-Tax-on-Domestic-Companies.png","contentUrl":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/03\/Corporate-Tax-on-Domestic-Companies.png","width":1000,"height":540,"caption":"Corporate Tax on Domestic Companies"},{"@type":"BreadcrumbList","@id":"https:\/\/vibrantfinserv.com\/kb\/corporate-tax-on-domestic-companies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/vibrantfinserv.com\/kb\/"},{"@type":"ListItem","position":2,"name":"Corporate Tax on Domestic Companies"}]},{"@type":"WebSite","@id":"https:\/\/vibrantfinserv.com\/kb\/#website","url":"https:\/\/vibrantfinserv.com\/kb\/","name":"Knowledge Base | Vibrant Finserv","description":"Your success, our passion !!","publisher":{"@id":"https:\/\/vibrantfinserv.com\/kb\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/vibrantfinserv.com\/kb\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/vibrantfinserv.com\/kb\/#organization","name":"Knowledge Base | Vibrant Finserv","url":"https:\/\/vibrantfinserv.com\/kb\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/logo\/image\/","url":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/04\/logo.jpg","contentUrl":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/04\/logo.jpg","width":200,"height":95,"caption":"Knowledge Base | Vibrant Finserv"},"image":{"@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345","name":"kbadmin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3a13255b04334420c1e5998f8a775bdef7b1395bf244de67e7a3e44010893e4c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3a13255b04334420c1e5998f8a775bdef7b1395bf244de67e7a3e44010893e4c?s=96&d=mm&r=g","caption":"kbadmin"},"sameAs":["https:\/\/vibrantfinserv.com\/kb"],"url":"https:\/\/vibrantfinserv.com\/kb\/author\/kbadmin\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/posts\/25355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/comments?post=25355"}],"version-history":[{"count":1,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/posts\/25355\/revisions"}],"predecessor-version":[{"id":25357,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/posts\/25355\/revisions\/25357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/media\/25356"}],"wp:attachment":[{"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/media?parent=25355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/categories?post=25355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/tags?post=25355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}