Income tax for resident Natural person for Fiscal year 81/82-2024/25
for Single/ Individual
|
Income Limit |
Tax Rate |
|
Up to 5 lakh |
1% |
|
5 to 7 lakh |
10% |
|
7 to 10 lakh |
20% |
|
10 to 20 lakh |
30% |
|
20 to 50 lakh |
36% |
|
Above 50 lakh |
39% |
|
Note: 1% SST not applicable for proprietor Resident |
|
Income tax rate for Married/ Couple
,
|
Income Limit |
Tax Rate |
|
Up to 6 lakh |
1% |
|
6 to 8lakh |
10% |
|
8 to 11 lakh |
20% |
|
11 to 20 lakh |
30% |
|
20 to 50 lakh |
36% |
|
Above 50 lakh |
39% |
|
Note: 1% SST not applicable for proprietor Resident |
|
Income tax Rate for other than Natural persons for 81/82
Normal Tax Rate- 25%
Increased Rate- Bank-financial institutions, Insurance and related organization-30%