TaxTMI 
TaxTMI 
Income Tax Rates for Individuals, HUF & Artificial Juridical Person - A.Y. 2007-08 to A.Y. 2025-26
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....f total income minus ₹ 5,00,000 --do-- Above ₹ 10,00,000 30% ₹ 1,10,000 + 30% of total income minus ₹ 10,00,000 --do-- Special Rates for Resident Super Senior Citizen (who is 80 years or more at any time during the previous year) Net Income Range Income Tax Rates Tax Upto ₹ 5,00,000 Nil Nil See Notes ₹ 5,00,000 - ₹ 10,00,000 20 20% of total income minus ₹ 5,00,000 --do-- Above ₹ 10,00,000 30% ₹ 1,00,000 + 30% of total income minus ₹ 10,00,000 --do-- Notes: for the Assessment Year 2024-2025 1: - Add Surcharge - 10% if income exceeds ₹ 50 Lakhs but does not exceed 1 Crores - with marginal relief. Add Surcharge - 15% if income exceeds ₹ 1 Crores but does not exceed 2 Crores - with marginal relief. Add Surcharge - 25% if income exceeds ₹ 2 Crores but does not exceed 5 Crores - with marginal relief. Add Surcharge - 37% if income exceeds ₹ 5 Crores - with marginal relief. 2 :- Surcharge on short term capital gain u/s 111A & Long term capital gain u/s 112A and u/s 112 for above ₹ 50 Lakhs but does not exceed 1 Crores - 10% of such STCG/LTCG. & Surcharge on shor....
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....marginal relief. Add Surcharge - 25% if income exceeds ₹ 2 Crores - with marginal relief. Add Surcharge - 37% if income exceeds ₹ 5 Crores - with marginal relief. 2 :- Surcharge on short term capital gain u/s 111A & Long term capital gain u/s 112A and u/s 112 for above ₹ 50 Lakhs but does not exceed 1 Crores - 10% of such STCG/LTCG. & Surcharge on short term capital gain u/s 111A & Long term capital gain u/s 112A and u/s 112 for above ₹ 1 Crores - 15% of such STCG/LTCG. 3: - In case of an AOP consisting of only companies as its members, the rate of surcharge on the amount of income-tax shall not exceed 15%. [Amended by FA, 2023] 4: - Add Health and Education Cess - H&E. Cess is 4% of Income Tax & Surcharge 5:- Rebate to Resident Individual U/s 87A if Total Income ≤ 5,00,000 lower of 12,500 or Actual Tax is allowed. 6 :- No Rebate available on LTCG, Such LTCG is taxable under section 112A @ 10%. 7 :- The enhanced surcharge of 25% & 37%, as the case may be, is not levied, from income chargeable to tax under sections 111A, 112A 115AD. and dividend income. Hence, the maximum rate of surcharge on tax payable on such incomes shall be 15%. =====....
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....ction 112A @ 10%. Note 6 :- The enhanced surcharge of 25% & 37%, as the case may be, is not levied, from income chargeable to tax under sections 111A, 112A and 115AD. Hence, the maximum rate of surcharge on tax payable on such incomes shall be 15%. ================================ Rates For the Assessment Year 2022-2023 Tax Rates under normal provision of Income Tax Act, 1961 Net Income Range Income Tax Rates Tax Upto ₹ 2,50,000 Nil Nil ₹ 2,50,000 - ₹ 5,00,000 5% 5% of total income minus ₹ 2,50,000 See Notes ₹ 5,00,000 - ₹ 10,00,000 20% ₹ 12,500 + 20% of total income minus ₹ 5,00,000 --do-- Above ₹ 10,00,000 30% ₹ 1,12,500 + 30% of total income minus ₹ 10,00,000 --do-- Special Rates for Resident Senior Citizen (who is 60 years or more at any time during the previous year) Net Income Range Income Tax Rates Tax Upto ₹ 3,00,000 Nil Nil ₹ 3,00,000 - ₹ 5,00,000 5% 5% of total income minus ₹ 3,00,000 See Notes ₹ 5,00,000 - ₹ 10,00,000 20% ₹ 10,000 + 20% of total income minus ₹ 5,00,000 --do-- Above ₹ 10,00,000 30% ₹ 1,10,000....
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....0,000 See Notes ₹ 5,00,000 - ₹ 10,00,000 20% ₹ 10,000 + 20% of total income minus ₹ 5,00,000 --do-- Above ₹ 10,00,000 30% ₹ 1,10,000 + 30% of total income minus ₹ 10,00,000 --do-- Special Rates for Resident Super Senior Citizen (who is 80 years or more at any time during the previous year) Net Income Range Income Tax Rates Tax Upto ₹ 5,00,000 Nil Nil See Notes ₹ 5,00,000 - ₹ 10,00,000 20 20% of total income minus ₹ 5,00,000 --do-- Above ₹ 10,00,000 30% ₹ 1,00,000 + 30% of total income minus ₹ 10,00,000 --do-- Notes: for the Assessment Year 2021-2022 Note 1: - Add Surcharge - 10% if income exceeds ₹ 50 Lakhs but does not exceed 1 Crores - with marginal relief. Add Surcharge - 15% if income exceeds ₹ 1 Crores - with marginal relief. Add Surcharge - 25% if income exceeds ₹ 2 Crores - with marginal relief. Add Surcharge - 37% if income exceeds ₹ 5 Crores - with marginal relief. Note 2 :- Surcharge on short term capital gain u/s 111A & Long term capital gain u/s 112A for above ₹ 50 Lakhs but does not exceed 1 Crores - 10% of such STCG/LTCG....
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.... exceeds ₹ 5 Crores - with marginal relief. Note 2: - Add Health and Education Cess - H&E. Cess is 4% of Income Tax & Surcharge Note 3:- Rebate - Upto ₹ 12,500 U/s 87A - Any individual who is resident in India is eligible for this rebate, if total income is not exceeding ₹ 5,00,000 This rebate is not allowed to HUF, AOP or BOI. ================================ Rates For the Assessment Year 2019-2020 Click here for Alternate Minimum Tax (AMT) Net Income Range Income Tax Rates Tax Upto ₹ 2,50,000 Nil Nil ₹ 2,50,000 - ₹ 5,00,000 5% 5% of total income minus ₹ 2,50,000 See Notes ₹ 5,00,000 - ₹ 10,00,000 20% ₹ 12,500 + 20% of total income minus ₹ 5,00,000 --do-- Above ₹ 10,00,000 30% ₹ 1,12,500 + 30% of total income minus ₹ 10,00,000 --do-- Special Rates for Resident Senior Citizen (who is 60 years or more at any time during the previous year) Net Income Range Income Tax Rates Tax Upto ₹ 3,00,000 Nil Nil ₹ 3,00,000 - ₹ 5,00,000 5% 5% of total income minus ₹ 3,00,000 See Notes ₹ 5,00,000 - ₹ 10,00,000 20% ₹ 10,000 + 20% of tota....
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....% ₹ 1,00,000 + 30% of total income minus ₹ 10,00,000 --do-- Notes: for the Assessment Year 2018-2019 Note 1: - Add Surcharge - 10% if income exceeds ₹ 50 Lakhs but does not exceed 1 Crores - with marginal relief. Note 1: - Add Surcharge - 15% if income exceeds ₹ 1 Crores - with marginal relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax & Surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax & Surcharge Note 4:- Rebate - Upto ₹ 2,500 U/s 87A - Any individual who is resident in India is eligible for this rebate, if total income is not exceeding ₹ 3,50,000 This rebate is not allowed to HUF, AOP or BOI. ================================ Rates For the Assessment Year 2017-2018 Click here for Alternate Minimum Tax (AMT) Net Income Range Income Tax Rates Tax Upto ₹ 2,50,000 Nil Nil ₹ 2,50,000 - ₹ 5,00,000 10% 10% of total income minus ₹ 2,50,000 See Notes ₹ 5,00,000 - ₹ 10,00,000 20% ₹ 25,000 + 20% of total income minus ₹ 5,00,000 --do-- Above ₹ 10,00,000 30% ₹ 1,25,000 + 30% of total income minus ₹ 10,00,0....
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....me minus ₹ 3,00,000 See Notes ₹ 5,00,000 - ₹ 10,00,000 20% ₹ 20,000 + 20% of total income minus ₹ 5,00,000 --do-- Above ₹ 10,00,000 30% ₹ 1,20,000 + 30% of total income minus ₹ 10,00,000 --do-- Special Rates for Resident Super Senior Citizen (who is 80 years or more at any time during the previous year) Net Income Range Income Tax Rates Tax Upto ₹ 5,00,000 Nil Nil See Notes ₹ 5,00,000 - ₹ 10,00,000 20 20% of total income minus ₹ 5,00,000 --do-- Above ₹ 10,00,000 30% ₹ 1,00,000 + 30% of total income minus ₹ 10,00,000 --do-- Notes: for the Assessment Year 2016-2017 Note 1: - Add Surcharge - 12% if income exceeds ₹ 1 Crores - with marginal relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax & Surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax & Surcharge Note 4:- Rebate - Upto ₹ 2,000 U/s 87A - Any individual who is resident in India is eligible for this rebate, if total income is not exceeding ₹ 500,000 This rebate is not allowed to HUF, AOP or BOI. ================================ Income....
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....tes For the Assessment Year 2014-2015 Net Income Range Income Tax Rates Tax Upto ₹ 2,00,000 Nil Nil ₹ 2,00,000 - ₹ 5,00,000 10% 10% of total income minus ₹ 2,00,000 See Notes ₹ 5,00,000 - ₹ 10,00,000 20% ₹ 30,000 + 20% of total income minus ₹ 5,00,000 --do-- Above 10,00,000 30% ₹ 1,30,000 + 30% of total income minus ₹ 10,00,000 --do-- Special Rates for Resident Women (who is below 60 years at any time during the previous year): - Not applicable w.e.f A.Y 2014-15 Special Rates for Resident Senior Citizen (who is 60 years or more at any time during the previous year) Net Income Range Income Tax Rates Tax Upto ₹ 2,50,000 Nil Nil ₹ 2,50,000 - ₹ 5,00,000 10% 10% of total income minus ₹ 2,50,000 See Notes ₹ 5,00,000 - ₹ 10,00,000 20% ₹ 25,000 + 20% of total income minus ₹ 5,00,000 --do-- Above 10,00,000 30% ₹ 1,25,000 + 30% of total income minus ₹ 10,00,000 --do-- Special Rates for Resident Super Senior Citizen (who is 80 years or more at any time during the previous year) Net Income Range Income Tax Rates Tax Upto ₹ 5,0....
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....2014 Note 1: - Add Surcharge - Nil Note 2: - Add Education Cess - E. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ================================ Income Tax Rates for Individuals, HUF Rates of Income Tax as applicable to Individuals, Hindu Undivided Families (HUF) and Artificial Jurisdictional Person: Rates For the Assessment Year 2012-2013 Net Income Range Income Tax Rates Tax Upto ₹ 1,80,000 Nil Nil ₹ 1,80,000 - ₹ 5,00,000 10% 10% of total income minus ₹ 1,80,000 See Notes ₹ 5,00,000 - ₹ 8,00,000 20% ₹ 32,000 + 20% of total income minus ₹ 5,00,000 --do-- Above 8,00,000 30% ₹ 92,000 + 30% of total income minus ₹ 8,00,000 --do-- Special Rates for Resident Women (who is below 60 years at any time during the previous year) Net Income Range Income Tax Rates Tax Upto ₹ 1,90,000 Nil Nil ₹ 1,90,000 - ₹ 5,00,000 10% 10% of total income minus ₹ 1,90,000 See Notes ₹ 5,00,000 - ₹ 8,00,000 20% ₹ 31,000 + 20% of total income minus ₹ 5,00,000 --do-- Above 8,00,000 30% ₹ 91,00....
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....00 - ₹ 5,00,000 10% 10% of total income minus ₹ 2,40,000 See Notes ₹ 5,00,000 - ₹ 8,00,000 20% ₹ 26,000 + 20% of total income minus ₹ 5,00,000 --do-- Above 8,00,000 30% ₹ 86,000 + 30% of total income minus ₹ 8,00,000 --do-- Notes for the Assessment Year 2011-2012 Note 1: - Add Surcharge - Nil Note 2: - Add Education Cess - E. Cess is 2% of Income Tax Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax ================================ Rates of Income Tax as applicable to Individuals, Hindu Undivided Families (HUF) and Artificial Jurisdictional Person: Rates For the Assessment Year 2010-2011 Net Income Range Income Tax Rates Tax Upto ₹ 1,60,000 Nil Nil ₹ 1,60,000 - ₹ 3,00,000 10% 10% of total income minus ₹ 1,60,000 See Notes ₹ 3,00,000 - ₹ 5,00,000 20% ₹ 14,000 + 20% of total income minus ₹ 3,00,000 --do-- Above 5,00,000 30% ₹ 54,000 + 30% of total income minus ₹ 5,00,000 --do-- Special Rates for Resident Women (who is below 65 years at any time during the previous year) Net Income Range Income Tax Rates T....
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....Above 5,00,000 30% ₹ 47,500 + 30% of total income minus ₹ 5,00,000 --do-- Notes for the Assessment Year 2009-2010 Note 1: - Add Surcharge - Surcharge is 10% of income-tax (After deducting Rebate u/s 88E if any) if net income of an Individual, HUF exceeds ₹ 10,00,000. However, in the case of Artificial Jurisdictional Person surcharge is applicable even if net income does not exceed ₹ 10,00,000. Surcharge is subject to marginal Relief. Note 2: - Add Education Cess - E. Cess is 2% of Income Tax (rebate u/s 88E is not deductible) plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax (rebate u/s 88E is not deductible) plus surcharge ================================ Rates For the Assessment Year 2008-2009 Net Income Range Income Tax Rates Tax Upto ₹ 1,10,000 Nil Nil ₹ 1,10,000 - ₹ 1,50,000 10% 10% of total income minus ₹ 1,10,000 See Notes ₹ 1,50,000 - ₹ 2,50,000 20% ₹ 4,000 + 20% of total income minus ₹ 1,50,000 --do-- Above 2,50,000 30% ₹ 24,000 + 30% of total income minus ₹ 2,50,000 --do-- Special Rates for Resident Women (who is....