Corporate tax rate may be lowered to 25% for bigger firms
The government is considering to extend a lower corporate tax rate of 25% to relatively bigger companies in 2018-19, reports said. The tax rate for companies with annual revenue below â¹50 crore a year was reduced to 25% from 30% in this fiscal's budget. The government is now planning to raise the revenue eligibility for companies between â¹100 crore-â¹500 crore.