Can you please explain me the working of tax liability in this solution in detail?

I haven't understood the calculation of tax liability in solution to this problem. Please see the pdf and explain me the working of tax liability in detail.


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Quick Summary
This discussion delves into the intricacies of tax liability calculations, specifically focusing on Section 115BAB. It aims to clarify how tax rates are applied to different types of income for companies engaged in manufacturing. The explanation covers the conditions for eligibility under Section 115BAB and breaks down the tax percentages for manufacturing income versus non-manufacturing activities.

Attach pdf again...               

Yes please,here is the pdf. I haven't understood tax rates here in the solution.

115BAB

  • The Company is set up and registered on or after October 1, 2019.
  • The company is engaged in the manufacturing or production.
  • It commences the manufacturing process on or after October 1, 2019 but on or before March 31, 2024.
  • The company does not claim specified incentives, exemptions, or deductions.
  • 15%: Income from manufacturing and short-term capital gain from the depreciable asset.

 

 

 

 

 

 

  • 22%: Income from non-manufacturing activities and short-term capital gain from non-depreciable asset.

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