What is the manner of Reduction in Corporate Taxes

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  1. Budget 2015 announced that over the next 4 years, the Corporate Tax Rate would be reduced by 5% thereby decreasing the rate from 20% to 15%.

    What is the manner in which it would be reduced and what is the applicable tax rate for each year?
  2. Parul_Gupta

    Parul_Gupta Active Member

    Rate of Corporate Tax Deduction over the next few years would be as follows

    No reduction in corporate tax in FY 2015-16
    1.5% reduction in 2016-17
    1.5% in 2017-18
    2% in 2018-19.
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