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of <h1>Finance Bill 2025: New Income Tax Rates for Individuals, Companies, and More; Details on Deductions and Surcharges</h1> The Finance Bill, 2025 outlines income tax rates for individuals, Hindu undivided families, associations, artificial juridical persons, co-operative societies, firms, local authorities, and companies. Individuals are taxed progressively, with rates starting at nil for incomes up to Rs. 2,50,000 and increasing to 30% for incomes over Rs. 10,00,000, with variations for senior citizens. Companies face a 25-30% tax rate depending on turnover, while non-domestic companies have different rates for specific income types. Surcharges apply to high incomes. The Bill also specifies tax deduction rates at source and provides rules for computing agricultural income, including losses and offsets.
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