Corporate Tax Reduced To 25% For Companies With Rs 400 Cr Turnover
  • WebDesk BTVI
  • Jul 05 2019

Finance Minister Nirmala Sitharaman proposed to raise the annual turnover limit from Rs 250 crore to Rs 400 crore for availing a lower corporate tax rate of 25%. The proposal would cover 99.3% of the companies operating in the country, she said while presenting Union Budget 2019-20 in the Lok Sabha.