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of <h1>Finance Bill 2025: Income Tax Rates Steady, Marginal Relief and Surcharge Caps in Section 115BAC Explained</h1> The Finance Bill, 2025 aims to amend the Income-tax Act, 1961, continuing reforms through tax reliefs and rationalization. For the assessment year 2025-26, income tax rates remain unchanged under sections 115BAA, 115BAB, 115BAC, 115BAD, and 115BAE. Section 115BAC outlines tax rates for individuals, Hindu undivided families, and others, with a progressive rate structure starting from nil for incomes up to Rs. 3,00,000, up to 30% for incomes above Rs. 15,00,000. Surcharges apply for incomes exceeding Rs. 50 lakh, with rates up to 25%. Marginal relief is provided, and the surcharge on certain incomes is capped at 15%.
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