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        Bills

        Local authorities - Tax Rates For the assessment year 2025-26

        1 February, 2025

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        Union Budget 2025-26 (Full) + Finance Bill, 2025

        D. Local authorities

        In the case of local authority, the rate of income-tax has been specified in Paragraph D of Part I of the First Schedule to the Bill. They remain unchanged at 30%.

         

        Full Text:

        Union Budget 2025-26 (Full) + Finance Bill, 2025

        Local authority tax rate remains unchanged for the assessment year, specified in the Finance Bill's First Schedule. Paragraph D of Part I of the First Schedule to the Finance Bill prescribes the income-tax rate for a local authority and specifies that the rate remains unchanged at 30% for the assessment year 2025-26.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Local authority tax rate remains unchanged for the assessment year, specified in the Finance Bill's First Schedule.

                              Paragraph D of Part I of the First Schedule to the Finance Bill prescribes the income-tax rate for a local authority and specifies that the rate remains unchanged at 30% for the assessment year 2025-26.


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