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Tax holiday News

union budget 2023

01 Feb 2023

Centre Extends Tax Holiday for Homegrown Startups till March 31, 2024

Union Budget 2023 News Update: FM Sitharaman announced that there will be no tax for income up to Rs 3 lakh; 5 percent tax on Rs 3-6 lakh while highest tax rate of 30 percent on income above Rs 15 lakh will be levied under new I-T regime.

Central Board of Direct Taxes

23 Aug 2019

Small start-ups with turnover upto Rs 25 cr will continue to get tax holiday

The Section 80-IAC of the Income Tax Act, 1961 provides deduction for 100 percent of income of an eligible start-up for 3 years out of 7 years from the year of its incorporation.

27 Nov 2016

Mobile firms seek 10-year tax holiday, raise case of components makers

Mobile industry body Indian Cellular Association has sought a 10-year tax holiday to scale up mobile manufacturing to international standards to help India become competitive as against preferred destinations like China and Vietnam.

05 Jun 2016

Niti seeks tax holiday on $1 bn investment in electronic manufacturing

In a bid to attract large firms into India, Niti Aayog has suggested a 10-year tax holiday for companies investing over USD 1 billion in electronics manufacturing activities.

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