Global Corporate Tax Rates in 2025: A Comparative Overview
Introduction In today’s interconnected global economy, corporate tax rates are not merely revenue-generating mechanisms but strategic tools that influence international investment, trade flows, and fiscal sustainability. The year 2025 reflects evolving global tax trends, driven by international cooperation frameworks, digitalization, and increasing emphasis on responsible and sustainable growth. This article […]
Is rebate u/s 87A of the Income Tax Act, 1961 available against special rate income
Section 87A is a tax relief provided to individuals, particularly those in the lower-income bracket to ensure that they are not burdened with income tax if their Total Income is below a threshold of Rs. 5,00,000 and Rs. 7,00,000 under old and new tax regime respectively. The latest Union Budget […]