Corporate Tax Reduced To 25% For Firms With Rs 400 Crore Turnover

Budget 2019: Corporate Tax Reduced To 25% For Companies With Rs 400 Crore Turnover

Currently, the lower rate of 25 per cent is only applicable to companies having annual turnover up to Rs 250 crore.

Budget 2019 | | Updated: July 05, 2019 19:52 IST
Budget 2019: Corporate Tax Reduced To 25% For Companies With Rs 400 Crore Turnover

Corporate tax, also known as corporation tax, is a tax imposed on the net income of the company.