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Comparison Chart for Companies opting New Rates of Tax Under Section 115BA, 115BAA or 115BAB - Rate of Income Tax under New Regime - Income Tax

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..... Certain Domestic Companies Certain New Domestic Manufacturing Companies 2. Company set-up & registered to qualify for availing benefit under the section On or after 01.03.2016 Benefit available irrespective of date of set-up On or after 01.10 2019 3. Tax Rate 25% 22% 15% 4. Rate of surcharge 7% if total income exceeds 1 Crore/12% if total income exceeds 10 Crores. 10% 10% 5. Effective Rate of Tax including Surcharge & HEC 26% if total income is 1 Crore or less, 27.82% if total income exc .....

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Comparison Chart for Companies opting New Rates of Tax Under Section 115BA, 115BAA or 115BAB - Rate of Income Tax under New Regime - Income Tax

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..... etc.) Special rate (Surcharge if applicable) +4% HEC Special Rate + 10% Surcharge + 4% HEC Special Rate + 10% Surcharge + 4% HEC 11. Tax on Other Income (HP/IFOS) 25% (Surcharge if applicable) +4% HEC 22% + 10% Surcharge + 4% HEC 22% + 10% Surcharge + 4% HEC 12. Benefits which are not available for companies opting new tax rates 10AA 32(1)(iia), 32AD 33AB, 33ABA 35(1)(ii),(iia), (iii), 35(2AA), 35(2AB) 35AD, 35CCC, 35CCD 80IA to 80RRB Except 80JJAA 10AA 32(1)(iia), 32AD 33AB, 33ABA 35(1)(ii),(i .....

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Comparison Chart for Companies opting New Rates of Tax Under Section 115BA, 115BAA or 115BAB - Rate of Income Tax under New Regime - Income Tax

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