Claim: While a common man is paying 30% tax, Mukesh Ambani is paying only 22% tax.
Fact-check: Corporate tax was reduced to 22%, not Income Tax - FACTLY
Verdict: the corporate tax was reduced to 22%, not income tax. so reliance industries limited would now have to pay a corporate tax of 22% on its profits. mukesh ambani as an individual would still be paying income tax as per his income bracket. hence the claim made in the post is misleading.
Organisation: FACTLY
Author: Akhil Reddy
Date published: 2019-09-24T09:43:24