FM vows Rational personal taxes, flat 25% company tax in four years

Finance Minister Arun Jaitley has promised a rational tax rate for individuals and bringing down of corporate tax to 25 <g data-gr-id="9">per cent</g> flat in four years beginning next fiscal along with removal of exemptions except those that encourage individual savings. Addressing students and faculty at the Columbia University here last night, he said along with a rational rate of taxation, more banking transactions and making PAN card compulsory for payments over a threshold limit will go a long way in tackling the 

problem of domestic black money.