An Analysis on Topical Impact of Corporate Tax Rate in India

Written by : Aaditya, B.BA.LL.B, Galgotias University

Abstract

This study will look into the corporate tax landscape in India, highlighting the tax rate schedules, impacts of corporate tax changes, tax evasion, and tax avoidance. Corporate tax, a significant revenue source for the government, is analysed in terms of its rate fluctuations and the subsequent economic implications. An examination of the current effects of India's corporation tax rate. This study attempts to address the topical impact of the corporation tax rate against this backdrop. This Paper discusses the company tax, tax rate schedule, corporate tax effect, and tax evasion and avoidance. Taxes are the main source of funding for the government. Direct and indirect taxes are the sources of this kind of income. One type of direct tax is corporate tax. A corporation tax is the type of tax that businesses must pay at set flat rates on their entire income. For various business and revenue categories, there are, nonetheless, varying rates. The exclusive authority to enact legislation about company taxes rests with the Union Government. Sometimes corporate tax rates increase. The tax burden on the corporation is raised on time. One of the main effects of business tax payments to the government is a rise in tax rates. This kind of effect leads to tax avoidance and evasion. While evading taxes is unlawful, avoiding taxes is legal.

Keywords: Corporate Tax, Tax Rate, Impacts of Corporate Tax Rate, Tax Evasion, Tax Avoidance, TUFS, CSR.

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