Released September 23, 2019 | SUGAR LAND
en
India is slashing corporate tax rates for new and existing domestic manufacturing companies to promote investment and growth.
The new tax rate, down to 22% from 30%, will be applicable from the current fiscal year, which began on April 1; manufacturing companies that are set up after October 1 will be given an option to pay a 15% tax.
Industrial Info is tracking 319 projects, worth $17.5 billion, in India's automotive and heavy-manufacturing sectors. Click here for a list of projects, and see graph below for a breakdown by state.
The new tax rate, down to 22% from 30%, will be applicable from the current fiscal year, which began on April 1; manufacturing companies that are set up after October 1 will be given an option to pay a 15% tax.
Industrial Info is tracking 319 projects, worth $17.5 billion, in India's automotive and heavy-manufacturing sectors. Click here for a list of projects, and see graph below for a breakdown by state.
