Regulatory Note™
India taxes foreign companies at 35%; domestic subsidiaries can elect 22%
The rate for foreign companies and branches fell from 40% to 35% from FY 2024-25; a domestic subsidiary can choose 22% under section 115BAA.
What changed on US ↔ India, who it affects and what to examine next, with the sources behind every note.
Related Circuit Sessions are on the Annual Calendar. Places follow the Circuit's own rules; following this corridor does not reserve one.
The rate for foreign companies and branches fell from 40% to 35% from FY 2024-25; a domestic subsidiary can choose 22% under section 115BAA.