To know more how to Minimum Alternate Tax, refer to our page MAT is applicable to companies whose tax liability under the normal provisions is lower than the tax liability under the MAT provisions. In such cases, the company is liable to pay tax under MAT. The MAT rate of tax is 15% plus education cess of 4% and applicable surcharge. The MAT tax gets calculated on the book profits of a company after prescribed additions and deductions. The excess tax paid as MAT is available as a MAT credit for carry forward for 15 years.
Minimum Alternative Tax or MAT payable by companies
To know more how to Minimum Alternate Tax, refer to our page MAT is applicable to companies whose tax liability under the normal provisions is lower than the tax liability under the MAT provisions. In such cases, the company is liable to pay tax under MAT. The MAT rate of tax is 15% plus education cess of 4% and applicable surcharge. The MAT tax gets calculated on the book profits of a company after prescribed additions and deductions. The excess tax paid as MAT is available as a MAT credit for carry forward for 15 years.
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