Income Tax · Calculator
MAT / AMT Calculator
Minimum Alternate Tax for companies (15% of book profit) or Alternate Minimum Tax for others (18.5% of adjusted total income), compared with the regular tax, with the credit available.
Indicative. MAT is charged at 15% of book profit (plus surcharge and 4% cess) under s.115JB; AMT at 18.5% of adjusted total income under s.115JC (15% for units in IFSC). The higher of regular tax and MAT/AMT is payable, and the excess becomes MAT/AMT credit carried forward (up to 15 years). Companies under 115BAA/115BAB are outside MAT. Confirm applicability.