February 2008
There are no significant changes in the Indian tax rates in 2008.
Personal income tax rates are 10%-30% , before a 10% surcharge and a 3% education tax, CESS.
India's corporate tax rate in 2008 is 30% for local companies and 40% for
foreign companies, before a 10% surcharge, depending on the income sum and a 3% CESS.
The standard VAT rate in 2008 is 12.5%.There are also reduced rates of 4% and 1% .
