Minimum Alternate Tax (MAT)

Companies pay MAT at 15% on book profits when normal tax is less than 15% of book profit. MAT credit can be carried forward and set off against normal tax in future years up to 15 years.

Key provisions

• Companies pay MAT at 15% on book profits when normal tax is less than 15% of book profit. MAT credit can be carried forward and set off against normal tax in future years up to 15 years.

Use via API

curl https://api.thynktax.com/v1/tax-law/sections/by-2025-ref/220

{
  "act_2025_ref": "220",
  "old_reference": "Section 115JB, Income Tax Act 1961",
  "title": "Minimum Alternate Tax (MAT)",
  "category": "Section",
  "limit_or_rate": "-",
  "applicable_to": "-",
  "effective_from": "2026-04-01"
}