100 Tax Exemption for Startups in India

whiteladybug

100% tax exemption under startup india is a great scheme for startup companies. But how does it work? What are the conditions? How can a startup avail this scheme?

blackfrog1

100% tax exemption under startup india is available for 3 years from the date of incorporation.

yellowkoala

Under the Startup India Initiative, startups can avail a 100% tax exemption on profits for 3 years in a row. In order to be eligible, startups must be registered with the Department of Industrial Policy and Promotion (DIPP) and have a turnover of less than INR 25 crore in any financial year. Besides, the startup must be set up within the last 5 years and should be working towards innovation, development or improvement of products or processes.