Union Finance Minister Arun Jaitley will present the general budget on February 1. Corporate tax is discussed during budget talk. Corporate tax is levied on companies. It is levied on any private, limited, listed and unlisted companies. Whatever the income of the companies, corporate tax seems to be on it. Corporate tax is an important means of revenue every year of the government.
First Budget after GST is implemented
After the implementation of Goods and Services Tax (GST) last year, this budget will be the first general budget. At the same time, this will be the fifth budget of the Prime Minister Narendra Modi government.