If Domestic company opts for section 115BAB, the rate of tax applicable for the company on income from manu-facturing after surcharge and cess will be:
A. 25.168% (22% + 10% surcharge + 4% cess).
B. 28.6% (25% + 10% surcharge + 4% cess).
C. 22.88% (no surcharge but 4% cess)
D. 17.16% (15% + 10% surcharge + 4%)
Answer:D
If Domestic company opts for section 115BAB, the rate of tax applicable for the company on income from manu-facturing after surcharge and cess will be:
A. 25.168% (22% + 10% surcharge + 4% cess). B. 28.6% (25% + 10% surcharge + 4% cess). C. 22.88% (no surcharge but 4% cess) D. 17.16% (15% + 10% surcharge + 4%)