Paying Taxes in Patna, India
The table below addresses the taxes that a medium-size company must pay or withhold in a given year in Patna, India, as well as measures of administrative burden in paying taxes.
| Central Sales Tax |
12 |
128 |
|
4% |
purchase price |
29.1 |
|
| Bihar Sales tax |
3 |
- |
|
8.8% |
purchase price |
3.5 |
|
| Bihar VAT |
9 |
- |
a) |
12.5% |
value added |
5.9 |
b) |
| Turnover tax (including surcharge) |
3 |
- |
a) |
1.1% |
turnover |
5 |
|
| Tax on interest |
1 |
- |
a) |
20.91% |
interest income |
0.5 |
|
| Social security contribution |
12 |
96 |
|
12% |
gross salaries |
13.9 |
|
| Corporate income tax |
4 |
40 |
|
33.66% |
taxable profits |
13.0 |
|
| Dividend tax |
1 |
- |
a) |
14.03% |
dividend distributions |
1.8 |
|
| Vehicle tax |
1 |
- |
a) |
fixed fee |
- |
0.4 |
|
| Property Tax |
1 |
- |
a) |
various rates |
- |
0.7 |
|
| Stamp duty |
1 |
- |
a) |
fixed fee (Rs 50) |
- |
- |
c) |
| Fuel tax |
1 |
- |
a) |
Rs. 3.25 per liter |
fuel consumption |
9.2 |
|
| Tax on insurance contracts |
1 |
- |
a) |
10% |
insurance premium |
0.2 |
|
| Company tax |
1 |
- |
a) |
fixed fee |
|
0.4 |
|
| Employers state insurance |
12 |
- |
a) |
4.75% |
gross salaries |
5.5 |
|
| Totals: |
63 |
264 |
|
|
|
89.1 |
|