Low rate regime: Why corporation tax is a hit but not personal tax?

• September 7, 2022
• CA Chandan Agarwal's Office

While the new corporation tax regime has drawn a good response, the personal income tax regime seems to have attracted only a lukewarm response

The government offered an option to companies to opt for a lower tax rate regime with a few exemptions in 2019. A few months later, it came out with a similar (not the same) scheme for personal income taxpayers with an annual gross income of Rs 15,00,000. While the new corporation tax regime has drawn a good response, the personal income tax regime seems to have attracted only a lukewarm response.

Source: https://www.business-standard.com/article/economy-policy/low-rate-regime-why-corporation-tax-is-a-hit-but-not-personal-tax-122090600150_1.html