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of <h1>Income Tax Rates and Surcharge Rules for Individuals Including Section 87A Rebate and Marginal Relief Provisions</h1> Income tax rates for individuals, Hindu Undivided Families, and artificial juridical persons vary by assessment year, age category, and income slabs. For resident individuals under 60, income up to Rs. 2.5 lakh is exempt, with progressive rates of 5%, 20%, and 30% applied to higher income brackets. Senior citizens (60 years or older) and super senior citizens (80 years or older) benefit from higher exemption limits and adjusted tax slabs. Surcharge rates apply progressively for incomes exceeding Rs. 50 lakh, ranging from 10% to 37%, with specific exclusions for dividend and certain capital gains income, which face a maximum 15% surcharge. Health and education cess at 4% is levied on tax plus surcharge. Rebate under section 87A is available for resident individuals with total income up to Rs. 5 lakh, subject to conditions and exclusions. Marginal relief provisions apply to surcharge computations. Rates and provisions have evolved annually, with detailed slabs and notes specifying applicability and exceptions.
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