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 1^st 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