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Data Shows 65% of Corporate Tax Income for 2019-20 Has Shifted to Lower Tax ... - Latest Tweet by PIB India
The latest Tweet by PIB India states, '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.'
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
(The above story first appeared on LatestLY on Feb 01, 2022 04:57 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
