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Budget 2026 MAT Update: 14% Rate & New Set-Off Rules

vector image showing budget mat update

In Budget 2026, the government made a minor change to the MAT (Minimum Alternate Tax). This rule applies when a company earns money but pays very little tax. In such cases, tax is calculated on the company’s book profit instead. If this tax is less than 15 percent, MAT applies. Earlier, companies believed the extra […]