Paying Taxes in Bangalore, India

The table below addresses the taxes that a medium-size company must pay or withhold in a given year in Bangalore, India, as well as measures of administrative burden in paying taxes.
Tax Payments (number) Time (hours) Statutory tax rate Tax base Total tax rate (% profit)
Central Sales Tax 12 128 4% purchase price 29.1 b)
Karnataka Sales tax 3 - 4% purchase price 1.6
Karnataka VAT 9 - a) 12.5% value added 5.9 b)
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 14.3
Dividend tax 1 - a) 14.03% dividend distributions 2.0
Vehicle tax 1 - a) fixed fee (Rs 45) every 3 months - 0.0
Property Tax 1 - a) R6 per square foot - 4.5
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
Profession tax 1 - a) fixed fee (Rs 2,500) - 0.2
Employers state insurance 12 - a) 4.75% gross salaries 5.5
Totals: 60 264 86.9