Decoding Section 115 BAB of Income Tax Act

The government has introduced a favourable tax regime for new manufacturing companies. The Taxation Laws (Amendment) Ordinance, 2019 passed on 20 September 2019 has inserted Section 115BAB offering a low tax rate of 15% (plus surcharge and cess) to new manufacturing companies

source https://www.caclubindia.com/articles/decoding-section-115-bab-of-income-tax-act-47181.asp