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

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(Querist)
04 June 2015 Sir ,
Hope Income tax for Domestic companies for AY 2016-17 is 30%. 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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Nikhil Kaushik

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Nikhil Kaushik (Expert)
04 June 2015 it means that each year the govt will reduce the tax rate for companies by 1 %
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Rupesh Jain

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Rupesh Jain (Expert)
05 June 2015 govt. will redcue the tax, but till date no notification issue in this regard.
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