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Minimum alternative tax

This query is : Resolved 
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(Querist)
26 September 2008 If book profit of a company exceeds Rs.1 crore the MAT cannot exceed following
(Rs 10 Lakh+Book profit-1Crore )+EC+SHEC

What is that meaning
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CMA Jitendra Singh

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CMA Jitendra Singh (Expert)
29 September 2008 Means in case of above 1 Crore ,least of below two will be paid

1.Normal MAT calculated

2.(Rs 10 Lakh+Book profit-1Crore )+EC+SHEC

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