The correct answer is 7%. In NewsUnion Finance Minister Nirmala Sitharaman recently presented Budget 2022 and announced that the government will reduce the corporate surcharge from 12% to 7%. Giving details, Sitharaman said to provide an opportunity to correct an error, taxpayers can now file an updated return within 2 years from the relevant assessment year. She proposes to provide that any income from the transfer of any virtual digital asset shall be taxed at the rate of 30%. No deduction in respect of any expenditure or allowance shall be allowed while computing such income, except the cost of acquisition. She also said the Centre has proposed to reduce the Minimum Alternative Tax to 15 percent for co-operative societies at par with the corporate. During the Budget presentation, Sitharaman proposed that both Centre and states government employees tax deduction limit should be increased from 10% to 14% to help the social security benefits of state govt employees and bring them at par with the Central govt employees. She went on to add that the digital rupee is to be issued using blockchain and other technologies; to be issued by RBI starting 2022-23. This will give a big boost to the economy.