As per Union Budget 2019 20 tax rate has been reduced to for companies with annual turnover up ...........

Current (GK) (CGL) Indian Polity

As per Union Budget 2019-20, tax rate has been reduced to ______ for companies with annual turnover up to ?400 crore.

25%

11%

21%

19%

- The Union Budget 2019-20 announced a reduction in the tax rate for companies.

- This reduced tax rate applies to companies with an annual turnover of up to ?400 crore.

- Option 1: 25% - Companies with the specified turnover can benefit from a 25% tax rate.

- Option 2: 11% - Not relevant to the budget announcement concerning corporate tax rates.

- Option 3: 21% - Not applicable to the specific turnover criteria mentioned.

- Option 4: 19% - Does not align with the designated tax rate for companies of this turnover.

Submit Error