Effective tax rate of companies India FY 2022, by profit before tax
Larger companies earning profits before tax worth more than five billion Indian rupees had an effective tax rate of 21.9 percent, the lowest among other profit brackets in the financial year 2022. After the corporate tax cuts of 2019, companies are paying a smaller share of profits than the statutory rate. The actual tax outgo as a share of profits is called the effective tax rate.