Middle class bearing more weight of heavy taxation than corporates: Jairam Ramesh attacks Centre

Congress leader Jairam Ramesh has criticised the Bharatiya Janata Party-led Centre for slashing corporate tax rates, claiming that individuals are paying more tax than companies. Ramesh highlighted that income tax collections stood at Rs 3.61 lakh crores and gross corporate tax collections were Rs 2.65 lakh crores from April 1 to July 1, 2024. He also criticised the 2019 move to reduce corporate tax rates, which he claimed did not trigger private investment as anticipated.