Budget 2024-25: FM Proposes to Reduce Corporate Tax Rate on Foreign Companies from

In the Budget 2024-25, India's Finance Minister proposed reducing the corporate tax rate for foreign companies from 40% to 35% to attract more foreign capital. This move aims to enhance India's competitiveness and appeal as an investment destination. The proposed tax rate cut is part of broader reforms intended to improve the investment climate and drive economic growth. The adjustment is expected to make India a more attractive option for international investors by aligning its tax regime more closely with global standards.