Government slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent.
21 Sep 2019 9:49 AM
The rupee settled 37 paise higher against the dollar at 70.94
21 Sep 2019 2:53 AM
Move may spur demand for contract manufacturing.
21 Sep 2019 2:52 AM
After a cut in the corporate tax, speculation around an income tax cut for individual taxpayers is rife.
21 Sep 2019 2:49 AM
Modi 2.0’s ‘big bang’ reform raises hopes of jobs, growth.
21 Sep 2019 1:12 AM
Corporate tax rate cut for companies by almost 10 percentage points to 25.17 per cent.
20 Sep 2019 2:14 PM
The minister is hopeful that businesses will be able to take benefit of these measures to spur growth.
20 Sep 2019 1:28 PM
Corporate tax rate cut from 30 pc to 25.2 pc to spur growth- this is a great move which will firmly revive growth and investment.
20 Sep 2019 1:21 PM
Governor also welcomed the government announcement in the morning to slash corporate tax across the board.
20 Sep 2019 1:07 PM
The changes in the Income Tax Act and Finance Act will be made effective through an ordinance.
20 Sep 2019 11:15 AM
After the announcement, markets immediately rose with Sensex surging over 1000 points and Nifty climbing above 11,067 mark.
20 Sep 2019 10:58 AM
The S&P BSE Mid-Cap Index fell 1.32 per cent, while the S&P BSE Small-Cap Index plunged 1.43 per cent.
22 Aug 2019 3:34 AM
The ministry has decided to hold meetings of tax administrators across various Tier II cities in the country.
20 Aug 2019 8:43 AM
Corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25 pc, said FM Nirmala Sitharaman.
19 Aug 2019 7:31 PM
Only 0.7 per cent of the companies will now remain outside the 25 per cent corporate tax bracket, says Sitharaman.
05 Jul 2019 1:26 PM
Government has already reduced corporate tax to 25 per cent for companies having turnover of less than Rs 250 crore.
11 Jun 2019 6:47 PM
In the 2015-16 budget, govt had announced that corporate tax rate would be gradually lowered to 25% from 30% over next four years.
05 Mar 2019 4:00 PM
Companies above Rs 250 crore turnover currently pay a basic corporate tax rate of 30 per cent.
16 Jan 2019 11:18 AM
The gross collections for corporate tax is 14.8 per cent while that for personal income tax is 17.2 per cent.
07 Jan 2019 1:06 PM
Presently, no tax is applicable on Rs 19,200 of transport allowance and medical expenditure of up to Rs 15,000.
30 Mar 2018 1:34 PM