Question : As announced in the Budget 2022, the corporate surcharge was reduced from 12% to
Option 1: 10%
Option 2: 7%
Option 3: 9%
Option 4: 5%
Answer (1)
24th Jan, 2024
Correct Answer: 7%
Solution : The correct answer is 7%.
Finance Minister Nirmala Sitharaman, in Budget 2022, announced that the government will reduce the corporate surcharge from 12% to 7%. During this Budget only, she announced the reduction of the Minimum Alternate Tax to 15 percent for cooperative societies at par with the corporate.
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