New tax rate for domestic companies

Domestic companies can opt for 22% tax rate (plus surcharge and cess) without MAT. No deductions, exemptions, or incentives allowed. Once opted, cannot be withdrawn.

Key provisions

• Domestic companies can opt for 22% tax rate (plus surcharge and cess) without MAT. No deductions, exemptions, or incentives allowed. Once opted, cannot be withdrawn.

Use via API

curl https://api.thynktax.com/v1/tax-law/sections/by-2025-ref/200

{
  "act_2025_ref": "200",
  "old_reference": "Section 115BAA, Income Tax Act 1961",
  "title": "New tax rate for domestic companies",
  "category": "Section",
  "limit_or_rate": "-",
  "applicable_to": "-",
  "effective_from": "2026-04-01"
}