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Low rate regime: Why corporation tax is a hit but not personal tax?

While the new corporation tax regime has drawn a good response, the personal income tax regime seems to have attracted only a lukewarm response

Topics
Corporation Tax | Income tax | Taxation

Indivjal Dhasmana  |  New Delhi 



tax

The government offered an option to companies to opt for a lower tax rate regime with a few exemptions in 2019. A few months later, it came out with a similar (not the same) scheme for personal income with an annual gross income of Rs 15,00,000. While the new regime has drawn a good response, the personal regime seems to have attracted only a lukewarm response.

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First Published: Tue, September 06 2022. 09:17 IST

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