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Minimum Alternate Tax (MAT) Rates for the A.Y. 2018-19 and 2019-20

Assessment Year 2018-19 :

  Domestic Company Foreign Company
If Book Profit does not exceed Rs. 1 Crore : IT 18.5
(See Note-1)
IT 18.5
(See Note-1)
SC - SC -
EC+SHEC 0.555 EC+SHEC 0.555
TOTAL 19.055 TOTAL 19.055
If Book Profit is in the range of Rs.1 Crore – Rs.10 Crore IT 18.5
(See Note-1)
IT 18.5
(See Note-1)
SC 1.295 SC 0.37
EC+SHEC 0.59385 EC+SHEC 0.5661
TOTAL 20.38885 TOTAL 19.4361
If Book Profit exceed Rs. 10 Crore IT 18.5
(See Note-1)
IT 18.5
(See Note-1)
SC 2.22 SC 0.925
EC+SHEC 0.6216 EC+SHEC 0.58275
TOTAL 21.3416 TOTAL 20.00775

Assessment Year 2019-20 :

  Domestic Company Foreign Company
If Book Profit does not exceed Rs. 1 Crore : IT 18.5
(See Note-1)
IT 18.5
(See Note-1)
SC - SC -
EC+SHEC 0.74 EC+SHEC 0.74
TOTAL 19.24 TOTAL 19.24
If Book Profit is in the range of Rs.1 Crore – Rs.10 Crore IT 18.5
(See Note-1)
IT 18.5
(See Note-1)
SC 1.295 SC 0.37
EC+SHEC 0.7918 EC+SHEC 0.7548
TOTAL 20.5868 TOTAL 19.6248
If Book Profit exceed Rs. 10 Crore IT 18.5
(See Note-1)
IT 18.5
(See Note-1)
SC 2.22 SC 0.925
EC+SHEC 0.8288 EC+SHEC 0.777
TOTAL 21.5488 TOTAL 20.202

Note -1 :
9%, if the assessee is a unit located in an International Financial Services Centre and derives its income solely in convertible foreign exchange.
Note -2 :
If book profit of a company exceeds Rs. 1 crore but does not exceed Rs. 10 crore, the minimum alternate tax cannot exceed the following: (Rs. 18.5 Iakh + book profit - Rs. 1 crore) + (EC + SHEC) or HEC. If, however, book profit exceeds Rs. 10 crore, the minimum alternate tax cannot exceed the following —

A. in the case of domestic company, (Rs. 197.95 lakh + book profit - Rs. 10 crore) + (EC + SHEC) or HEC;
or
B. in the case of a foreign company, (Rs. 188.7 lath + hook profit — Rs. 10 crore) + (EC + SHEC) or HEC.

 

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