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  1. First set of tax sop phase-out in public domain soon: Arun Jaitley

First set of tax sop phase-out in public domain soon: Arun Jaitley

Finance Minister Arun Jaitley today said a discussion paper on first set of tax exemptions to be phased out would be put in the public domain shortly.

By: | Kolkata | Updated: August 23, 2015 5:32 PM
ARUN JAITLEY

Union Finance Minister Arun Jaitley addressing at the inauguration of Bandhan Bank in Kolkata. (PTI)

Finance Minister Arun Jaitley today said a discussion paper on first set of tax exemptions to be phased out would be put in the public domain shortly.

“The government, as I told in the budget, will bring down the corporate tax level from 30 per cent to 25 per cent gradually,” Jaitley said at an ICC session here.

He said that the effective rate of taxation is 22 per cent plus because there are a large number of exemptions.

So, the first set of exemptions phase-out would be put in the public domain for discussion, he said.

He also said that the government is working on schemes like agri-insurance and health schemes for senior citizens.

“These are in active stages of consideration,” he said.

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