Tax rate for firms with up to â¹250cr turnover reduced to 25%
Finance Minister Arun Jaitley has said that corporate tax rate for companies with a turnover of up to â¹250 crore will be reduced to 25% from the present 30%. He also said that no changes have been made to personal income tax rates. He further proposed 10% Long Term Capital Gain tax on equity gains of above â¹1 lakh.