Indian government cuts corporate tax from 30 to 22 percent

In a move to increase economic growth Indian government has cut corporate tax from 30 to 22 percent for domestic companies that don’t avail any exemption/incentive. which is lowest in Asia and lee than the global average.

Prime Minister Narandra Modi tweeted that this historic will move will boost economy, #make in India, increase jobs and a win win situation for 130 Crore Indians.

This tax cut means that companies will now see a gain of 11 percent profit.

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