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 non profits for only $100.