New manufacturing companies - 15% tax rate
New domestic manufacturing companies incorporated after October 1, 2019 commencing production before March 31, 2024 can opt for 15% concessional tax rate (plus surcharge and cess).
Key provisions
- New domestic manufacturing companies incorporated after October 1, 2019 commencing production before March 31, 2024 can opt for 15% concessional tax rate (plus surcharge and cess).
Use via API
GET/v1/tax-law/sections/by-2025-ref/201
Programmatic access - free, no signup required. ISR-cached for 24 hours.
REQUEST · cURL
curl https://api.thynktax.com/v1/tax-law/sections/by-2025-ref/201
RESPONSE · 200 OK
{
"act_2025_ref": "201",
"old_reference": "Section 115BAB, Income Tax Act 1961",
"title": "New manufacturing companies - 15% tax rate",
"category": "Section",
"limit_or_rate": "-",
"applicable_to": "-",
"effective_from": "2026-04-01"
}