Rate for owner of small or cottage industry

If an individual is the owner of a small or cottage industry situated in a less or
least developed area and is engaged in manufacturing of products and derives
income from such industries then he will be entitled to a rebate on the income
derived from such industries at the following rates:
Particulars Rate of rebate
If production during the year is more than
15% but less than 25% compared to
previous year

Rebate of 5% on the tax payable on
income derived from such industries.

If production during the year exceeds 25 %
as compared to the previous year.

Rebate of 10% on tax payable on
income derived from such industries.