Income tax on companies for ay 2016-17 & ay 2017-18 - reg

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SUBRAMANIAN P S (Querist)
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04 June 2015 sir,
As per the budget 2015 FM speech " I, therefore, propose to reduce the rate of corporate tax from 30% to 25% over the next 4 years.”

Kindly let me know the tax slab for AY 2016-17 and 2017-18.

With Regards
P S Subramanian

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 June 2015 For AY 2016-17 no change in corporate tax for 2017-18 we have to wait for next year budget for rates.

SUBRAMANIAN P S

SUBRAMANIAN P S (Querist)
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04 June 2015 Sir ,
kindly let me know the meaning of FM speech in Budget 2015 as "propose to reduce the rate of corporate tax from 30% to 25% over the next four years".

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 June 2015 It may be reduced in next three years.

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