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New regime (default)

Total incomeRate
Up to ₹4,00,000Nil
₹4,00,001 to ₹8,00,0005%
₹8,00,001 to ₹12,00,00010%
₹12,00,001 to ₹16,00,00015%
₹16,00,001 to ₹20,00,00020%
₹20,00,001 to ₹24,00,00025%
Above ₹24,00,00030%

Same slabs for every age. Applies to individuals, HUFs, AOPs, BOIs and artificial juridical persons unless they opt out. Salaried people can switch every year; those with business income can opt out only once.

Old regime

Total incomeBelow 6060 to 7980 and above
Up to ₹2,50,000NilNilNil
₹2,50,001 to ₹3,00,0005%NilNil
₹3,00,001 to ₹5,00,0005%5%Nil
₹5,00,001 to ₹10,00,00020%20%20%
Above ₹10,00,00030%30%30%

Age-based exemption limits apply to resident individuals only. Non-residents and HUFs use the below-60 column.

Rebate, standard deduction and cess

ItemNew regimeOld regime
Rebate (resident individuals only)Up to ₹60,000 if total income is up to ₹12,00,000, with marginal relief just aboveUp to ₹12,500 if total income is up to ₹5,00,000
Rebate on special-rate incomeNot available on income taxed at special rates, such as capital gains under old sections 111A and 112AAvailable on 111A gains, not on 112A gains
Standard deduction on salary or pension₹75,000₹50,000
Deduction on family pension₹25,000₹15,000
Employer's NPS contributionUp to 14% of salaryUp to 10% of salary
Health and education cess4% of tax plus surcharge4% of tax plus surcharge

With the standard deduction, a salaried person in the new regime pays no tax up to a salary of ₹12,75,000.

Surcharge: individuals and HUFs

Total incomeNewOld
₹50 lakh to ₹1 crore10%10%
₹1 crore to ₹2 crore15%15%
₹2 crore to ₹5 crore25%25%
Above ₹5 crore25%37%

Surcharge on dividends and on capital gains under old sections 111A, 112 and 112A is capped at 15%. Marginal relief applies at each threshold.

Special rates

IncomeRate
Short-term gains on listed shares and equity funds (old 111A)20%
Long-term gains on listed shares and equity funds (old 112A)12.5% above ₹1,25,000
Other long-term gains (old 112)12.5% without indexation
Lottery, puzzles, online games, betting30%
Virtual digital assets (crypto)30%

Resident individuals and HUFs selling land or buildings bought before 23 July 2024 can pay 20% with indexation if that is lower. Our capital gains calculator compares both.

Firms, LLPs and companies

TaxpayerRateSurchargeEffective rate (top)
Partnership firm or LLP30%12% if income exceeds ₹1 crore34.944%
Domestic company, turnover up to ₹400 crore in the base year25%7% above ₹1 crore; 12% above ₹10 crore29.12%
Other domestic companies30%7% above ₹1 crore; 12% above ₹10 crore34.944%
Domestic company opting for 22% (old 115BAA)22%10% flat25.168%

Effective rates include the highest surcharge and 4% cess. Firms and LLPs that claim profit-linked deductions may pay alternate minimum tax at 18.5%; companies outside the 22% option pay minimum alternate tax at 15% of book profit. Old section numbers are shown because they are still widely used; the Income-tax Act, 2025 renumbers these provisions from tax year 2026-27. Rates are for information only; confirm with us before relying on them.

Mohit Man Mohan Mittal & Co., Chartered Accountants — Khanapara, Guwahati. Need professional assistance with compliance, filings or assessments?