Finance Minister Arun Jaitley, while presenting his annual budget in February, announced that the government would gradually pare corporate tax by 5 percentage points during the next four years and roll back various tax exemptions.
The government could cut corporate tax to 25 per cent from 30 per cent before a previous deadline of four years, and will provide a roadmap for ending corporate tax exemptions shortly, revenue secretary Hasmukh Adhia said on Monday.
Finance Minister Arun Jaitley, while presenting his annual budget in February, announced that the government would gradually pare corporate tax by 5 percentage points during the next four years and roll back various tax exemptions.