Tax Rates:

Domestic Corporations:

30% [+ a surcharge of 10% if the total income exceeds Rs. 10,000,000]                                                                            

 Foreign Corporations:

40% [+ a surcharge of 2.5% if the total income Rs.10,000,000]

Dividend Distribution Tax:

15% [payable prior to distribution- but exempt in hands of   recipient]

Long Term capital Gains:

20%

Overseas Income of Financial  Institutions:

10% on income earned 10% on long term capital gains

 Income of Financial  Institutional Investors:

20% on income earned 30% on short capital gains

Royalty and Fees for Technical  Services:

10% [+surcharge of 2.5%]

Interest on Foreign Currency Loans:

 20%