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Bank Corporate Income Tax (Local Currency) in India

Source: IMF
Last Updated: July 24, 2023

Bank corporate income tax reached INR 302,647 mil in 2020 in India, according to the National Central Bank. This is 25.7% less than in the previous year.

Historically, bank corporate income tax in India reached an all time high of INR 407,195 mil in 2019 and an all time low of INR 47,436 mil in 2018.

India has been ranked 8th within the group of 58 countries we follow in terms of bank corporate income tax.

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