Tax Slab
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| Income Tax Rates applicable for Individuals for FY 2024-25 (AY 2025-26) as per old regime | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Net Income Range | Rate of Income Tax | ||||||||
| Individuals (Other than senior and super senior citizen) |
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| Up to Rs. 2,50,000 | NIL | ||||||||
| Rs. 2,50,000 to Rs. 5,00,000 | 5% | ||||||||
| Rs. 5,00,000 to Rs. 10,00,000 | 20% | ||||||||
| Above Rs. 10,00,000 | 30% | ||||||||
| 1.2 Individuals (Senior Citizen) | |||||||||
| Up to Rs. 3,00,000 | NIL | ||||||||
| Rs. 2,50,000 to Rs. 5,00,000 | 5% | ||||||||
| Rs. 5,00,000 to Rs. 10,00,000 | 20% | ||||||||
| Above Rs. 10,00,000 | 30% | ||||||||
| Individuals (Super Senior Citizen) |
|||||||||
| Up to Rs. 5,00,000 | NIL | ||||||||
| Rs. 5,00,000 to Rs. 10,00,000 | 20% | ||||||||
| Above Rs. 10,00,000 | 30% | ||||||||
| Incomes Charged at Special Rates | |||||||||
| Income Type | Rate of Tax | ||||||||
| Long Term Capital Gain U/s 112A | 12.5 % * | ||||||||
| Short Term Capital Gain U/s 111A | 20 % | ||||||||
| Short Term Capital Gain U/s 115 | 20 % | ||||||||
| Long Term Capital Gain U/s 112 | 12.5 % ** | ||||||||
| Income U/s 115 BAC (Virtual Digital Asset) | 30 % | ||||||||
| *Gains upto ₹1,25,000 are exempt from tax | |||||||||
| *If the acquisition of the property is made before 22nd july 2024 then the taxpayer will have the option to pay @ 20 % with indexation benefit or 12.5 % without indexation benefit. | |||||||||
| Rate of Surcharge | |||||||||
| Range of income | Rs. 50 Lakhs to Rs. 1 Crore | Rs. 1 Crore to Rs. 2 Crore | Rs. 2 Crore to Rs. 5 Crore | Exceeding Rs. 5 crores | |||||
| Surcharge rate | 10% | 15% | 25% | 37% | |||||
| Income Tax Rates applicable for HUF, AOP, BOI, Other Artificial Juridical Person for FY 2024-25 (AY 2025-26) as per old regime | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Net Income Range | Rate of Income Tax | ||||||||
| Up to Rs. 2,50,000 | NIL | ||||||||
| Rs. 2,50,000 to Rs. 5,00,000 | 5% | ||||||||
| Rs. 5,00,000 to Rs. 10,00,000 | 20% | ||||||||
| Above Rs. 10,00,000 | 30% | ||||||||
| Rate of Surcharge | |||||||||
| Range of income | Rs. 50 Lakhs to Rs. 1 Crore | Rs. 1 Crore to Rs. 2 Crore | Rs. 2 Crore to Rs. 5 Crore | Exceeding Rs. 5 crores | |||||
| Surcharge rate | 10% | 15% | 25% | 37% | |||||
| In case of an association of persons consisting of only companies as its members, the rate of surcharge on the amount of Income-tax shall be maximum 15% (applicable w.e.f AY 2023-24). | |||||||||
| Income Tax Rates applicable for Individuals,HUF, AOP, BOI, Other Artificial Juridical Person for FY 2024-25 (AY 2025-26) as per new regime under section 115 BAC | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Net Income Range | Rate of Income Tax | ||||||||
| Up to Rs 3,00,000 | NIL | ||||||||
| Rs 3,00,001 – Rs 7,00,000 | 5% | ||||||||
| Rs 7,00,001 – Rs 10,00,000 | 10% | ||||||||
| Rs 10,00,001 – Rs 12,00,000 | 15% | ||||||||
| Rs 12,00,001 – Rs 15,00,000 | 20% | ||||||||
| Above 15,00,000 | 30% | ||||||||
| Incomes Charged at Special Rates | |||||||||
| Income Type | Rate of Tax | ||||||||
| Long Term Capital Gain U/s 112A | 12.5 % * | ||||||||
| Short Term Capital Gain U/s 111A | 20 % | ||||||||
| Short Term Capital Gain U/s 115 | 20 % | ||||||||
| Long Term Capital Gain U/s 112 | 12.5 % ** | ||||||||
| Income U/s 115 BAC (Virtual Digital Asset) | 30 % | ||||||||
| *Gains upto ₹1,25,000 are exempt from tax | |||||||||
| * If the acquisition of the property is made before 22nd july 2024 then the taxpayer will have the option to pay @ 20 % with indexation benefit or 12.5 % without indexation benefit. | |||||||||
| Rate of Surcharge | |||||||||
| Range of income | Rs. 50 Lakhs to Rs. 1 Crore | Rs. 1 Crore to Rs. 2 Crore | Exceeding Rs. 2 Crore | ||||||
| Surcharge rate | 10% | 15% | 25% | ||||||
| Income Tax Rates applicable to Company for FY 2024-25 (AY 2025-26) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 4.1 Normal tax rates for Domestic Companies | |||||||||
| Turnover Criteria | Tax Rates | ||||||||
| ♦ Where its total turnover or gross receipt during the previous year 2021-22 does not exceed Rs. 400 Crore | 25% | ||||||||
| ♦ Any other domestic company | 30% | ||||||||
| Rate of Surcharge | |||||||||
| Range of Income | Rs. 1 Crore to Rs. 10 Crore | Above Rs. 10 Crore | |||||||
| Surcharge rate | 7% | 12% | |||||||
| 4.2 Special Tax rates applicable to a domestic company | |||||||||
| Domestic Company | Tax Rates | ||||||||
| ♦ Where it opted for section 115BA | 25% | ||||||||
| ♦ Where it opted for section 115BAA | 22% | ||||||||
| ♦ Where it opted for section 115BAB | 15% | ||||||||
| Rate of Surcharge: The rate of surcharge in case of a company opting for taxability under Section 115BAA or Section 115BAB shall be flat 10% irrespective of amount of total income. | |||||||||
| 4.3 Foreign Company | |||||||||
| Nature of Income | Tax Rates | ||||||||
| Royalty received from Government or an Indian concern in pursuance of an agreement made with the Indian concern after March 31, 1961, but before April 1, 1976, or fees for rendering technical services in pursuance of an agreement made after February 29, 1964 but before April 1, 1976 and where such agreement has, in either case, been approved by the Central Government | 50% | ||||||||
| Any Other Income | 35% | ||||||||
| Rate of Surcharge | |||||||||
| Range of Income | Rs. 1 Crore to Rs. 10 Crore | Above Rs. 10 Crore | |||||||
| Surcharge rate | 2% | 5% | |||||||
| Income Tax Rate to Partnership Firm & LLP for FY 2024-25 (AY 2025-26) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Tax Rate | 30% | ||||||||
| Rate of Surcharge | |||||||||
| Range of Income | Above Rs. 1 Crore | ||||||||
| Surcharge rate | 12% | ||||||||
| Income Tax Rate to Local Authority for FY 2024-25 (AY 2025-26) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Tax Rate | 30% | ||||||||
| Rate of Surcharge | |||||||||
| Range of Income | Above Rs. 1 Crore | ||||||||
| Surcharge rate | 12% | ||||||||
| Income Tax Rate to Co-operative Society for FY 2024-25 (AY 2025-26) 7.1 Normal Rates | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Taxable income | Tax Rates | ||||||||
| Up to Rs. 10,000 | 10% | ||||||||
| Rs. 10,000 to Rs. 20,000 | 20% | ||||||||
| Above Rs. 20,000 | 30% | ||||||||
| Rate of Surcharge | |||||||||
| Range of Income | Rs. 1 Crore to Rs. 10 Crore | Above Rs. 10 Crore | |||||||
| Surcharge rate | 7% | 12% | |||||||
| 7.2 Special Rates | |||||||||
| Taxable Income | Tax Rates | ||||||||
| Any Income | 22% | ||||||||
| Rate of Surcharge | |||||||||
| Surcharge rate | 10% | ||||||||
