Indiana Business Corporate Tax, Indiana Personal Income Tax, Indiana Sales Tax Rates

What is the Indiana Corporate net income tax rate(s)?

8.5%

What is the Indiana personal net income tax rate(s)?

3.4%

There are also a lot of local income taxes with a average rate of 1.16%

What is the average Indiana sales tax rate(s)?

7%

Are there standard deductions?

Single:  none
Joint:  none

Are there personal exemptions?

Single:  $1,000
Dependents:  $2,500

What forms do you file for your Indiana taxes?

C corporations:   Form IN-20
S corporations:  Form IN-20S composite must be filed for all non-residents… not personally
Partnerships:  Form IN-65 and K1
Individual:  Form IN-40

Estimated tax payments?

Form IN-6 for corps with minimum tax due of over $2500. Indiana follows the IRS standards for estimated payments. If you will owe $1000 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year.

Indiana Department of Revenue:

Indiana Department of Revenue
100 N. Senate Ave.
Indianapolis, IN 46204
Telephone: 317-615-2581

Indiana Department of Revenue Website

If you use Northwest Registered Agent as your Indiana registered agent, you’ll have an online account to track your company in, receive notification reminders to file your annual reports on time, annual tax reminders, and new State information reminders. All for a low annual flat rate fee of $125 a year. We also help incorporate new Indiana corporations, Indiana LLCs, and Indiana non profits for only $100.