they don't avail any exemptions or incentives from FY20
• Effective tax for these companies rate 25.17 percent inclusive of all
surcharge and cesses. Applicable for current fiscal
*All the measures announced will give relief of 1.45 lakh crores annually
* super-rich tax will not to apply on capital gains from sale of any security including derivatives for FPIs.
company incorporated after Oct 1, 2019 has option to pay 15% tax. Applicable to companies which don’t avail any exemptions.
surcharge and cesses, and will not have to pay any MAT. Applicable for comestic manufacturing company which begin manufacturing
before March 2023.
corporate income tax rates after the expiry of tax holiday. Once new tax rate is availed, no changes can be made
* CSR of 2% spend can now include incubation, IITs, NITs, and national laboratories.
*rupee ended 70.94 , up 37 paise
*Sensex was up 1,921.15 points, 38,014.62, while Nifty was up 569.40 points at 11,274.20.