Corporate tax from 30 to 25-Budget 2015
In the budget speech of 2015, Mr. Arun Jetley has proposed to reduce the corporate tax rates from 30% to 25%. However, various exemptions available are subject to being taken away.
Still we need to look at the exemptions which no more will be available.
This is good move as taxation on Indian company was higher compared to world tax average. Finance minister was silent on tax on foreign companies. I believe it is same and government want foreign companies to establish a subsidiary in India instead of branch of laison office.