Corporate Tax Calculator

Use our free corporate tax calculator to estimate your business's tax liability and after-tax profit. Factor in revenue, operating expenses, depreciation, and the applicable corporate tax rate.

Financial

Currency

Annual Revenue

Operating Expenses

Depreciation & Amortization

Interest Expense

Other Income (non-operating)

Corporate Tax Rate (%)

Formula

Corporate tax is calculated on a business's taxable income after deducting all legitimate business expenses. This calculator shows your estimated tax liability and net profit after taxes.

Taxable income = Revenue - Expenses - Depreciation - Interest + Other income; Tax = Taxable income x Tax rate

Percentage: The percentage value you want to apply

Number: The original number or value

Result: The calculated result

How It Works

1Enter your total annual revenue.
2Enter operating expenses (rent, salaries, supplies, etc.).
3Enter depreciation and amortization of business assets.
4Enter interest expense on business loans.
5Enter any non-operating income and the applicable corporate tax rate.

Examples

$500K revenue, 21% corporate tax rate, $300K expenses

1.Gross profit: $500,000 - $300,000 = $200,000
2.Taxable income: $200,000 - $20,000 - $5,000 = $175,000
3.Tax: $175,000 x 21% = $36,750
4.After-tax profit: $175,000 - $36,750 = $138,250

Result: $138,250 after-tax profit

Frequently Asked Questions

The federal corporate tax rate is 21% under the Tax Cuts and Jobs Act (2017). Some states impose additional corporate taxes ranging from 0% to 11.5%.

Ordinary and necessary business expenses are deductible: rent, salaries, utilities, supplies, marketing, depreciation, interest, insurance, and professional services.

No, depreciation is a non-cash expense that allocates the cost of assets over their useful life. It reduces taxable income without requiring an actual cash outflow in the current year.

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Understanding Corporate Tax

CalculateMe Team

Last updated: 2026-07-17

Frequently Asked Questions

The federal corporate tax rate is 21% under the Tax Cuts and Jobs Act (2017). Some states impose additional corporate taxes ranging from 0% to 11.5%.

Ordinary and necessary business expenses are deductible: rent, salaries, utilities, supplies, marketing, depreciation, interest, insurance, and professional services.

No, depreciation is a non-cash expense that allocates the cost of assets over their useful life. It reduces taxable income without requiring an actual cash outflow in the current year.

Corporate Tax Calculator

Formula

How It Works

Examples

$500K revenue, 21% corporate tax rate, $300K expenses

Frequently Asked Questions

What is the current US corporate tax rate?

What expenses can be deducted from corporate income?

Is depreciation a cash expense?

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Corporate Tax Calculator

Formula

How It Works

Examples

$500K revenue, 21% corporate tax rate, $300K expenses

Frequently Asked Questions

What is the current US corporate tax rate?

What expenses can be deducted from corporate income?

Is depreciation a cash expense?

Related Calculators

Related Articles