Low rate regime: Why corporation tax is a hit but not personal tax?

The government offered an option to companies to opt for a lower tax rate regime with a few exemptions in 2019. A few months later, it came out with a similar (not the same) scheme for personal income taxpayers with an annual gross income of Rs 15,00,000. While the new corporation tax regime has drawn a good response, the personal income tax regime seems to have attracted only a lukewarm response. 

An analysis of the impact of the concessional tax rates for companies shows that 15.85 per cent of the companies having 62.01 per cent of the total income have