Corporate tax refers to a tax levied by various jurisdictions on the profits made by companies or associations. It is a tax on the value of the corporation’s profits. The corporate tax rate in India depends on the origin of the company.
Some of the tax rebates under corporate tax rate in India:
The gains pertaining to long term capital is subjected to low tax incidence
The venture capital funds and venture capital companies has special tax provisions
The Specula tax provisions are applicable for the non resident Indian's involved in activities in India
Under the Finance Bill 1996, minimum alternative tax (MAT) on the corporate sector is levied