# Domestic Companies and Rates of Tax
## Applicable Rates
| Situation | Rate |
|---|---|
| Total turnover/gross receipts in PY 2023-24 ≤ ₹400 crore | 25% of total income |
| Any other case | 30% of total income |
| Domestic manufacturing company (set up/registered on/after 1.10.2019, commences manufacture before 31.3.2024) opting 115BAB | 15% of income from/incidental to manufacturing |
| Domestic company opting 115BAA | 22% of total income |
## Concessional Regimes (115BAA / 115BAB) — Conditions
- No deductions under: 10AA, 33AB, 33ABA, 35(1)(ii)/(iia)/(iii), 35(2AA), 35(2AB), 35AD, 35CCC, 35CCD, additional depreciation u/s 32(1)(iia), and Chapter VI-A deductions except 80JJAA and 80M.
- Set-off restriction: Brought-forward losses & unabsorbed depreciation relating to the excluded deductions cannot be set off.
## Surcharge
| Situation | Surcharge |
|---|---|
| TI > ₹1 cr ≤ ₹10 cr (slab rates) | 7% — marginal relief like individuals |
| TI > ₹10 cr (slab rates) | 12% — marginal relief like individuals |
| Opting 115BAA / 115BAB | 10% flat — NO marginal relief |
Common to companies: Special rates u/s 112, 112A, 111A apply to capital gains. Marginal relief is available (computed on the individual logic) for companies under the slab rates.