Income Tax Rates

Income Tax Slabs Rates for The FY 2025-26 (AY 2026-27) under New Tax Regime For Individuals or HUF or Association of Person or Body of Individual or any other artificial juridical person

Income-tax slabs for FY 2025–26 under the revised New Tax Regime: Up to ₹4,00,000 – Nil; ₹4,00,001–8,00,000 – 5%; 8,00,001–12,00,000 – 10%; 12,00,001–16,00,000 – 15%; 16,00,001–20,00,000 – 20%; 20,00,001–24,00,000 – 25%; Above ₹24,00,000 – 30%. Cess 4% and surcharge extra.

Under the new tax regime the rebate has been raised to ₹60,000, which effectively brings total tax to nil for taxpayers with taxable income up to ₹12,00,000.

Important: this rebate does not apply to certain special-source incomes such as capital gains, cryptocurrency income, online gaming winnings, and similar items.

Income	Slab Rates
Income Up to Rs. 4 lakh	Nil
From Rs. 4 lakh to Rs. 8 lakh	5%
From Rs. 8 lakh to Rs. 12 lakh	10%
From Rs. 12 lakh to Rs. 16 lakh	15%
From Rs. 16 lakh to Rs. 20 lakh	20%
From Rs. 20 lakh to Rs. 24 lakh	25%
Above Rs. 24 lakh	30%

Income Tax Slabs Rates for The FY 2025-26 (AY 2026-27) under Old Tax Regime For Individuals or HUF or Association of Person or Body of Individual or any other artificial juridical person

Income-tax slabs for FY 2025–26 (Old Tax Regime): Up to ₹2,50,000 – Nil; ₹2,50,001–5,00,000 – 5%; ₹5,00,001–10,00,000 – 20%; Above ₹10,00,000 – 30%. Health & education cess 4% and surcharge extra.

Under the old tax regime, resident individuals with total taxable income up to ₹5,00,000 are eligible for a rebate under Section 87A. The rebate is the lower of the income-tax liability or ₹12,500, so if the computed tax is ₹12,500 or less the net tax becomes nil after the rebate; the rebate is not available to non-resident individuals.

For Individuals Age is less than 60 Years

Income	Tax Rates
Income Up to 2,50,000	Nil
From Rs. 2.5 lakh to Rs. 5 lakh	5%
From Rs. 5 lakh to Rs. 10 lakh	20%
Above 10 lakh	30%

For Individuals age is between 60 to 80 Years

Income	Tax Rates
Income Up to 3,00,000	Nil
From Rs. 3 lakh to Rs. 5 lakh	5%
From Rs. 5 lakh to Rs. 10 lakh	20%
Above 10 lakh	30%

For Individuals age is above 80 Years

Income	Tax Rates
Income Up to 5,00,000	Nil
From Rs. 5 lakh to Rs. 10 lakh	20%
Above 10 lakh	30%

Tax Rates for Domestic Companies

Income / Turnover	Tax Rates
total turnover or gross receipt during the previous year 2023-24 does not exceed Rs. 400 crore	25%
Section 115BA	25%
Section 115BAA	22%
Section 115BAB	15%
Any other companies case	30%

Tax Rates for Foreign Companies

Income / Turnover	Tax Rates
Royalty/technical-service fees from Indian Govt or an Indian concern under Central-Govt-approved agreements made during 1961–1976 (FTS effective from Mar 1, 1964)	50%
Any other income	35%