Information is provided on who pays the tax, the tax rate, exempt organizations, and major deductions, exemptions, and credits available to businesses operating in Indiana. Comparing Taxes Indiana state taxes are substantially lower than in other states. The calculation includes Corporate Income Tax, Worker's Compensation and Unemployment Insurance. Click here for details on these and other state tax topics. All corporations doing business in Indiana.
Sales made in other states are exempt.
Income received by an S corporation or certain other small business corporations. A qualified business pays no gross income tax on increased receipts earned by operating in an Enterprise Zone. Receipts from any part of the transportation of goods by truck or rail in interstate commerce. See page 12 for corporate tax credits. Click here for corporate tax credits.