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

General Studies (CPO) Indian Economy

As per Union Budget 2019-20, tax rate has been reduced to ______ for companies with annual turnover up to Rs400 crore.

This questions was previously asked in

SSC CPO 13th Dec 2019 Shift-2

21%

11%

19%

25%

- In the Union Budget 2019-20, the corporate tax rate was reduced for domestic companies with an annual turnover of up to Rs. 400 crore.

- The new reduced tax rate was set at 25% for such companies. This move aimed to promote growth by reducing the burden on smaller companies.

- Option 1: 21% - This is not the tax rate stipulated in the 2019-20 budget.

- Option 2: 11% - There is no corporate tax rate this low in the context of the Indian tax structure for the year referred.

- Option 3: 19% - This rate does not correspond to the provisions made in the mentioned budget.

Given this context, Option 4: 25% is the correct answer. ""

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