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Corporate tax rate News

13 Aug 2022

Corporate tax collection rise up 34% in current fiscal year till July 31

Corporate tax collection grew by 34% in first four months of FY 2022-23. Corporate tax collections during FY 2021-22 stood at ₹ 7.23 lakh crore registered growth of over 58 %. The positive trend continues except FY 2020-21 due to Covid-19 pandemic.

18 Feb 2016

Budget 2016: Govt may cut corporate tax by 1%, say experts

Jaitley in his last Budget had announced phased reduction in corporate taxes over four years to 25 percent from present 30 percent, and also simultaneous withdrawal of exemptions.

corporate tax reduction

26 Nov 2015

Finance Ministry extends deadline for comments on corporate tax reduction

In a bid to give stakeholders sufficient time to study the plan, the Finance Ministry has extended the deadline to give comments on the roadmap for corporate tax exemption by over three weeks till December 31.

17 Oct 2015

FM Jaitley pledges a friendly tax regime, 25% corporate tax

Taking a dig at the previous UPA administration for bringing in the retro tax, Jaitley said this had resulted in many disputes which gave the country "a bad name" among global investors who chose to leave the country.

09 Sep 2015

List of tax exemptions to be phased out in few days: Arun Jaitley

The minister also said measures to protect domestic steel sector from dumping by overseas manufacturers are being examined.

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