<h1>Finance Act 2015: Tax Benefits for Manufacturing in Bihar's Backward Areas Under Income-Tax Act 1961.</h1> The Finance Act 2015 amended the Income-Tax Act 1961 to provide tax benefits to notified backward areas in certain states, including Bihar, to promote growth. Twenty-one districts in Bihar have been designated as backward areas. Manufacturing enterprises established in these districts between April 1, 2015, and March 31, 2020, are eligible for 15% additional depreciation and a 15% investment allowance on plant and machinery costs. These incentives increase the total additional depreciation to 35% and the investment allowance to 30% for eligible companies investing over Rs. 25 crore in new machinery from April 1, 2015, to March 31, 2017.