Taxation

Taxation

Every business entity requires information on various taxes levied by the Union government, the State Governments as well as the Local bodies. The various taxes and duties payable by business entities in India are listed in the table below.

Taxes and duties levied by various authorities in India

Union Government

State Governments

Local Bodies

Income Tax

Customs duties

Central Excise

Sales Tax

Service Tax

Sales Tax / VAT

Stamp Duty

State Excise

Land Revenue

Duty on Entertainment   
Tax on Professions & Callings

Tax on Properties

Octroi

Tax on Markets

Tax on Utilities (water supply, etc)

 

To know more on various taxes mentioned above, go to Business Portal of India. The taxation section of this website contains information with respect to following:

  • Overview of taxation of individuals, partnerships and corporations
  • Computation of taxes
  • Details on types of customs duties, export and import procedures
  • Details on different kinds of excise duties and related procedures
  • Details on VAT, Service Tax and Wealth Tax
  • Information on PAN, TAN, TDS and TCS
  • Information on Direct Tax Code

 

Know your tax liability: Click here to calculate your tax liability based on your net income

 

Goods and Service Tax (GST) in India

The Goods and Service Tax (GST) is the most debated topic in the field of indirect taxation in India. Everybody is keenly waiting for the proposed GST draft which will replace the existing system of VAT. MSMEs need to gear up and prepare for the GST implementation. To learn more about GST in India, click on the links below.

Tax authorities in India


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