Income Tax Rates for Foreign Companies in India (As Amended By Finance Act, 2014)
Foreign companies in India are liable to pay tax @ 40% on their net income, i.e. after deducting all the expenses subject to allowance by Income tax act, 1961. Further, Foreign companies are also liable to pay surcharge on their income if total income is more than one crore rupees.
The surcharge rates are as follows: (source https://www.incometaxindiaefiling.gov.in/)
If total income is more than one crore but less than 10 crores
Surcharge will be @2% on total tax
If total income is more than ten crores
Surcharge will be @5% on total tax
Further, the rate is also increased by 3% on account of Education cess.