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Union Budget 2025-26 (Full) + Finance Bill, 2025
C. Firms
In the case of firms, the rate of income-tax has been specified in Paragraph C of Part I of the First Schedule to the Bill. They remain unchanged at 30%.
Full Text:
Firm tax rate unchanged under Finance Bill, maintaining existing income-tax treatment for partnership entities provision. Firm taxation for assessment year 2025-26 is governed by the rate specified in Paragraph C of Part I of the First Schedule to the Finance Bill; the statutory rate for firms remains 30%, preserving the existing income-tax treatment of partnership firms as the operative rate for computing liabilities.Press 'Enter' after typing page number.
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