Corporate tax rate at 22% without exemption.
Corporate tax rate to be 22% without exemptions.
Effective corporate tax rate after surcharge to be 25.17%
Domestic companies exempt from MAT.
No Minimum Alternate Tax (MAT) applicable on such domestic companies.
15% Tax for manufacturing companies set up after October 2019.
To attract investment in manufacturing, companies incorporated after October 2019 will pay tax at 15%.
Minimum Alternate Tax (MAT) slashed to 15% from 18.5%.
Minimum Alternate Tax (MAT) slashed to 15% from 18.5% for companies availing exemptions.
No enhanced surcharge.
In order to establish the flow of fund in capital market no enhanced surcharge on sale of securities.
