The final tax rate, including surcharge and cess, is 25.17% under section 115BAA and 17.16% under section 115BAB. The first section covers all domestic companies, and the second is for new manufacturing companies. Therefore, the large domestic companies benefitted the most, as they have to pay taxes at the rate of 25.17% now, as compared to the 30+% that they were paying earlier. Manufacturing companies that were incorporated post 1st October, 2019 have also been benefitted. Moreover, Mat isn’t applicable under these 2 sections.