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'Corporate tax to be gradually cut to 25 percent'
Updated On: 19 August, 2019 09:45 PM IST | | mid-day online correspondent
Echoing the sentiments of Prime Minister Narendra Modi's Independence Day speech, the finance minister said that Indian wealth creators and entrepreneurs will be given all kinds of support from the government
Finance Minister Nirmala Sithraman. Pic/Twitter IANS
On Monday, Finance Minister Nirmala Sitharaman said that the corporate tax rate for companies with over Rs 400 crore turnover annually will be gradually cut to 25 percent and the government will support such wealth creators. During her maiden budget in July 2019, Finance Minister Nirmala Sitharaman had cut corporate tax for companies with an annual turnover of up to Rs 400 crore to 25 percent from 30 percent.
Finance Minister #NirmalaSitharaman on August 19 said #corporatetaxrate for #companies with over Rs 400 crore turnover will be gradually cut to 25 per cent and the government will support wealth creators.
Photo: IANS pic.twitter.com/w44MPIC5sT
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