On 28 February 2015, Indian Finance Minister Arun Jaitley delivered the country's 2015-2016 Union Budget, including several proposed tax measures. Key proposed measures include:
Corporate Tax Rate
The base corporate tax rate excluding the surcharge and education cess will be reduced from 30% to 25% over 4 years beginning in the 2016-2017 tax year. However beginning from the 2015-2016 tax year, the surcharge on the income of domestic companies exceeding INR 10 million up to INR 100 million …