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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%


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 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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