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What is Rate

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(Querist)
01 April 2022 what is MAT rate for companies.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 July 2022 A Company shall be liable to pay Minimum Alternate Tax (MAT) at 15% of book profit (plus surcharge and Health and Education cess as applicable) where the normal tax liability of the Company is less than 15% of book profit.
A Company, being a unit of an International Financial Services Center and deriving its income solely in convertible foreign exchange, MAT shall be payable at 9% (plus cess and surcharge as applicable)
A Company opting for special rate taxation under Section 115BAA and 115BAB are exempt from paying MAT.
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