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Govt approves 187 startups for income tax exemption benefits
Millennium Post Kolkata
|Kolkata 16 May 2025
'With this, over 3,700 startups have now been granted exemptions since the scheme's inception'
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NEW DELHI: The government on Thursday said it has approved as many as 187 startups for income tax exemption.
The tax benefit allows eligible startups a 100 per cent income tax deduction on profits for any three consecutive years within a ten-year window from the date of incorporation.
The income tax benefit scheme is designed to support emerging businesses in their formative years, encouraging innovation, job creation, and wealth generation.
This story is from the Kolkata 16 May 2025 edition of Millennium Post Kolkata.
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