Tax Jobs in Bengaluru

Market context

Direct Tax encompasses the taxation of corporate profits and individual incomes. Professionals in this domain ensure compliance with India's Income Tax Act, 1961, and related regulations.

In Bengaluru, direct tax professionals deal with corporate income tax governed by the Income Tax Department. The corporate tax rate for domestic companies varies (e.g., 22% for certain domestic companies if they don't claim deductions, 15% for new manufacturing companies), and multinational corporations face complex international tax and transfer pricing regulations, requiring annual filings like Form 3CEB.

Regulatory timeline

• 2023-02-01Budget 2023-24 Announcements (Direct Tax Changes)Implemented
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• 2020-08-13Faceless Assessment SchemeImplemented
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Skills & tools