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

Assessment Year 2018-19 :

Assessment Year 2019-20 :

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.