Mr. Chocko Valliappa Advocates for Preferential Tax Rates for Job-Creating Firms in Union Budget

Mr. Chocko Valliappa, Managing Director of The Sona Group, has called for preferential tax rates for companies that actively engage in job creation. In response to the recent Union Budget, he highlighted the importance of incentivizing firms that invest in human capital.

"While reduction of personal taxation is welcome, corporate sector companies engaging fresh talent deserve to be taxed at a preferential rate as an incentive to invest in people-intensive sectors," Mr. Chocko Valliappa, Managing Director of The Sona Group, stated.

He pointed out that such tax incentives would encourage businesses to hire more employees, thereby contributing to economic development and addressing unemployment challenges.

Mr. Chocko Valliappa's remarks resonate with broader economic goals of improving employment opportunities and promoting sustainable growth. By advocating for tax policies that support job-providing firms, he underscores the critical role these companies play in driving the nation's economic progress.