Low-rate regime: why corporate tax is a success but not personal income tax?
While the new corporate tax regime has been well received, the personal income tax regime appears to have had only mixed reception
Topics
Corporation tax | Income tax | Taxation
The government offered businesses the option of opting for a lower tax rate regime with some exemptions in 2019. A few months later it offered a similar (not the same) regime for personal income taxpayers with a annual gross income of Rs. 15,00,000. While the new corporate tax regime has been well received, the personal income tax regime appears to have had only mixed reception.
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First published: Tuesday 06 September 2022. 09:17 IST
