<h1>Finance Minister Lowers Corporate Tax to 25% for MSMEs with Turnover Up to Rs. 250 Crores in Budget 2018-19.</h1> The General Budget 2018-19 introduced by the Finance Minister includes a tax incentive reducing the corporate tax rate to 25% for companies with a turnover up to Rs. 250 crores, benefiting 99% of Micro, Small, and Medium Enterprises (MSMEs). This measure is expected to result in a revenue loss of Rs. 7,000 crores for the government but aims to provide these businesses with higher investible surplus, potentially creating more jobs. Previously, a similar tax reduction was applied to companies with turnovers below Rs. 50 crores, benefiting 96% of companies. Approximately 7,000 companies with turnovers above Rs. 250 crores will remain in the 30% tax bracket.