| Rates of Income Tax (for AY 2025-26) |
| The rates of taxes as applicable for assesment year 2025-26 are as under |
| 1 |
Individual, HUF, AOP, BOI, whether incorporated or not, and Artificial Juridical Person opting for new tax regime |
| |
Total Income |
Rate of Tax |
| |
Upto ? 3 Lakhs |
Nil |
| |
From 3,00,001 to 7,00,000 |
5% |
| |
From 7,00,001 to 10,00,000 |
10% |
| |
From 10,00,001 to 12,00,000 |
15% |
| |
From 12,00,001 to 15,00,000 |
20% |
| |
Above 15,00,000 |
30% |
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|
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Individual, HUF, AOP, BOI, whether incorporated or not, and Artificial Juridical Person opting for old tax regime |
| |
Total Income |
Rate of Tax |
| |
Up to ? 2.50 lakhs |
Nil |
| |
From ? 2,50,001 to ? 5,00,000 |
5% |
| |
From ? 5,00,001 to ? 10,00,000 |
20% |
| |
Above ? 10,00,000 |
30% |
| |
|
|
| 2 |
Resident Senior Citizen (who is 60 years or more but less than 80 years as on 31.03.2025) opting for old tax regime |
| |
Total Income |
Rate of Tax |
| |
Up to ? 3,00,000 |
Nil |
| |
? 3,00,000 to ? 5,00,000 |
5% |
| |
? 5,00,000 to ? 10,00,000 |
20% |
| |
Above ? 10,00,000 |
30% |
| |
|
|
| 3 |
Resident Super Senior Citizen (who is 80 years or more as on 31.03.2025) |
| |
Total Income |
Rate of Tax |
| |
Up to ? 5,00,000 |
Nil |
| |
? 5,00,000 to ? 10,00,000 |
20% |
| |
Above ? 10,00,000 |
30% |
| |
|
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| 4 |
Co-operative Society |
|
| |
Taxable income |
Tax Rate |
| |
Up to Rs. 10,000 |
10% |
| |
Rs. 10,000 to Rs. 20,000 |
20% |
| |
Above Rs. 20,000 |
30% |
| |
Health and Education Cess on Income Tax @ 4% on IT & Surcharge |
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| |
Surcharge: 12% (in case of assessee having total income Rs. 1 Crore |
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| 5 |
Firm |
|
| |
On whole Total Income |
30% |
| |
Health and Education Cess on Income tax and Surcharge |
4% |
| |
Surcharge: 12% (in case of assessee having total income Rs. 1 Crore |
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| 6 |
Domestic Company |
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| |
Criteria |
Tax Rates |
| i. (a) |
Where its total turnover or gross receipt during the previous year 2021-22 does not exceed ?400 crore |
25% |
| (b) |
A company which does not claim certain specified deductions or exemptions and also does not take benefit of carry forward of unabsorbed depreciation / accumulated business loss |
22% |
| (c) |
A manufacturing company (registered on or after 1.10.2019 and commenced manufacturing on or before 31.03.24) subject to certain conditions on which certain specified deductions or exemptions and also does not take benefit of carry forward of unabsorbed depreciation / accumulated business loss |
15% |
| ii. |
Other than referred to in item (ia), (ib) and (ic) |
30% |
| |
Health and Education Cess on Income Tax @4% on Income Tax and Surcharge: 7% (in case of income exceeding ?1 Crore but not exceeding ?10 Crore |
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| |
Surcharge: 12% (in case of income exceeding ?10 Crore) |
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| 7 |
Foreign Company |
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Condition |
Tax Rates |
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Royalty from Government or an Indian concern in pursuance of an agreement made with the Indian concern after 31st March 1961, but before 1st April 1976, or fees for rendering technical services in pursuance of an agreement made after 29th February 1964 but before 1st April 1976 and where such agreement has, in either case, been approved by the Central Government |
50% |
| |
Any other income |
40% |
