Nirmala Sitharaman announces corporate tax rate cut from 30% to 22%

New Delhi : Finance Minister Nirmala Sitharaman on Friday announced a rate cut of corporate tax from 30% to 22%, aiming to attract manufacturers and revive private investments.

For the same, she will be holding several meetings with the public sector agencies that come under different ministries on Saturday, i.e., September 28.

“Tomorrow, we’ll have a separate meeting with different agencies of public sector undertaking and other agencies which come under different ministries,” Sitharaman told the reporters after her meeting with Secretaries and Financial Advisors of key selected Ministries on Friday.