Simple Chart of Reduction in Corporate Tax Rates announced on 20th September:

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Simple Chart of Reduction in Corporate Tax Rates announced on 20th September:

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Sr. No. Applicable to New

Tax Rate

Effective Tax Rate
[After SC & EC]
MAT Rider Optional to whom
1 Domestic Companies 22% 25.17% MAT shall not applicable Shall not avail any exemption & incentive like available u/s 10AA, Additional Depreciation, Chapter VI-A except 80JJAA Company enjoying tax holiday subject to MAT @ 15%. However after that they can opt for this.
2 New Domestic Companies (Incorporated after 1st Oct, 19 but commences production before 31.03.2023) 15% 17.01% MAT shall not applicable Shall not avail any exemption & incentive like available u/s 10AA, Additional Depreciation, Chapter VI-A except 80JJAA NA

 

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