Weeks before Budget, Arun Jaitley lists out benefit of low tax rates

1483883597-7807.jpg
Finance Minister Arun Jaitley, at the National Academy of Customs Excise and Narcotics, said that India economy needs a broader base for which we need a lower level of taxation.
India’s peak tax rate, including surcharges, is as much as 35% but the effective rate is only around 23% due to multiple exemptions. Budget 2017 The introduction of the goods and services tax (GST) is also expected to bring down effective indirect taxes, The Economic Times reported.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s