## Concessional Tax Regimes for Companies & Co-op Societies
### 1. Section 115BAA — Domestic Company (Existing)
| Component | Rate |
|---|---|
| Tax | 22% |
| Surcharge (compulsory) | 10% |
| Cess | 4% |
| Effective Rate | 25.168% |
### 2. Section 115BAB — New Manufacturing Domestic Company / Electricity Generation Company
Conditions:
- Company set up on or after 1.10.2019, AND
- Starts manufacturing on or before 31.3.2024, AND
- Not formed by splitting up or reconstruction of existing business.
| Component | Rate |
|---|---|
| Tax | 15% |
| Surcharge (compulsory) | 10% |
| Cess | 4% |
| Effective Rate | 17.16% |
### 3. Section 115BAD — Resident Co-operative Society (Existing)
| Component | Rate |
|---|---|
| Tax | 22% |
| Surcharge (compulsory) | 10% |
| Cess | 4% |
| Effective Rate | 25.168% |
### 4. Section 115BAE — New Manufacturing Resident Co-operative Society
Conditions:
- Society set up on or after 1.04.2023, AND
- Starts manufacturing on or before 31.3.2024, AND
- Not formed by splitting up / reconstruction of existing business.
| Component | Rate |
|---|---|
| Tax | 15% |
| Surcharge (compulsory) | 10% |
| Cess | 4% |
| Effective Rate | 17.16% |
### Common Feature
Once an assessee opts for any of these regimes, certain deductions are not available (e.g., additional depreciation, SEZ deductions, Chapter VI-A except specific employment-related items).