Government of India may have to get a Rs 45,000 crore cushion on the corporate tax cut

The government of India is expecting to take a big hit worth Rs 1 lakh crore due to the recent reduction in the corporation tax, calculated against the Rs1.45 lakh crore that was estimated back when the move had been recently announced in the month of September last year.

Official say that the last estimate was mostly based on the analysis of the advance tax payments and the will provide cushion to the Centre, which they believe is e....