Question : As per Union Budget 2019-20, the tax rate has been reduced to _________for companies with annual turnover up to INR 400 crore.
Option 1: 21%
Option 2: 11%
Option 3: 19%
Option 4: 25%
Correct Answer: 25%
Solution : The correct option is 25% .
The Finance Minister of India recommended a drop in the corporation tax rate for some companies in the Union Budget for the 2019–20 fiscal year. 25% was the lower corporate tax rate for businesses with annual sales up to INR 400 crore. Domestic businesses with gross revenues or total sales of less than INR 400 crore in the preceding fiscal year were eligible for this lower tax rate.
Related Questions
Know More about
Staff Selection Commission Sub Inspector ...
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Get Updates Brochure
Your Staff Selection Commission Sub Inspector Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Trending Articles around SSC CPO
