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Corporate Tax Cut To 25.2% To Spur Growth, Markets Celebrate: 10 Points
The new tax structure is effective from April 1, 2019 Any advance tax paid will be adjusted, the Finance Minister said Change will be made through an ordinance to amend the Income Tax Act
21 Sep 2019, 06:37 AM IST 
Nirmala Sitharaman on Friday announced corporate tax cuts to boost the economy
Domestic firms incorporated on or after October 1, 2019 that want to make fresh investment in manufacturing will have an option to pay income tax at 15 per cent, Ms Sitharaman said at a press briefing in Goa.
She said the new effective tax rate will be reduced from 35 per cent to 25.2 per cent, which includes all surcharges and is applicable on those companies that aren't availing any incentives. If calculated without the charges,...
