A resident company in India is taxed on its worldwide income where as a non-resident company is taxed only for its income received in India. Companies must pay income tax on their taxable profit based on the rate of tax applicable to the financial year. If you are a new company, one of the first things you should do is to register with income tax department by applying for a … [Read more...] about Corporate Tax Rate in India for Financial Year 2017-18 and 2016-17