Data Shows 65% of Corporate Tax Income for 2019-20 Has Shifted to Lower Tax ... - Latest Tweet by PIB India

Data shows 65% of corporate tax income for 2019-20 has shifted to lower tax regime

Average tax rate for corporate sector is 22%, against 27%-28% in previous regime
Corporates with profit > Rs. 500 Cr. taxed at close to 20%, corporate tax relief is already there

- Revenue Secy. pic.twitter.com/jsDQp2v1Rg— PIB India (@PIB_India) February 1, 2022

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