{"id":12541,"date":"2021-06-01T18:53:12","date_gmt":"2021-06-01T13:23:12","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=12541"},"modified":"2024-10-20T23:18:29","modified_gmt":"2024-10-20T17:48:29","slug":"income-tax-slab-rates","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/","title":{"rendered":"Income Tax Slab applicable for Assessment Year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e162d4521ba\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e162d4521ba\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#All_the_Important_Due_Dates_and_Limits_applicable_FY_2023\" title=\"All the Important Due Dates and Limits applicable FY 2023\">All the Important Due Dates and Limits applicable FY 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#Income_Tax_Slab_for_Assessment_Year_2021-22\" title=\"Income Tax Slab for Assessment Year 2021-22\">Income Tax Slab for Assessment Year 2021-22<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#UPDATES_UNDER_BUDGET_2021\" title=\"UPDATES UNDER BUDGET 2021\">UPDATES UNDER BUDGET 2021<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#INCOME_TAX_SLAB_RATES\" title=\"INCOME TAX SLAB RATES\">INCOME TAX SLAB RATES<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#SOME_CALCULATIONS_RELATING_TO_TAX_LIABILITY\" title=\"SOME CALCULATIONS RELATING TO TAX LIABILITY\">SOME CALCULATIONS RELATING TO TAX LIABILITY<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#INCOME_TAX_SLAB_INDIVIDUALS_BELOW_THE_AGE_OF_60_YEARS\" title=\"INCOME TAX SLAB INDIVIDUALS BELOW THE AGE OF 60 YEARS\">INCOME TAX SLAB INDIVIDUALS BELOW THE AGE OF 60 YEARS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#INCOME_TAX_SLAB_INDIVIDUALS_WITH_60_YEARS_AND_ABOVE_BUT_BELOW_80_YEARS\" title=\"INCOME TAX SLAB\u00a0 INDIVIDUALS WITH 60 YEARS AND ABOVE, BUT BELOW 80 YEARS\">INCOME TAX SLAB\u00a0 INDIVIDUALS WITH 60 YEARS AND ABOVE, BUT BELOW 80 YEARS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#INCOME_TAX_SLAB_INDIVIDUALS_WITH_AGE_OF_80_YEARS_AND_ABOVE\" title=\"INCOME TAX SLAB INDIVIDUALS WITH AGE OF 80 YEARS AND ABOVE\">INCOME TAX SLAB INDIVIDUALS WITH AGE OF 80 YEARS AND ABOVE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#INCOME_TAX_SLAB_NON-RESIDENT_INDIVIDUALS_IRRESPECTIVE_OF_AGE\" title=\"INCOME TAX SLAB NON-RESIDENT INDIVIDUALS, IRRESPECTIVE OF AGE\">INCOME TAX SLAB NON-RESIDENT INDIVIDUALS, IRRESPECTIVE OF AGE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#INCOME_TAX_SLAB_HUF\" title=\"INCOME TAX SLAB HUF\">INCOME TAX SLAB HUF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#INCOME_TAX_SLAB-AOP_BOI_AJP\" title=\"INCOME TAX SLAB-AOP, BOI, AJP\">INCOME TAX SLAB-AOP, BOI, AJP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#INCOME_TAX_SLAB_PARTNERSHIP_FIRM_LLP_LOCAL_AUTHORITY\" title=\"INCOME TAX SLAB PARTNERSHIP FIRM\/ LLP\/ LOCAL AUTHORITY\">INCOME TAX SLAB PARTNERSHIP FIRM\/ LLP\/ LOCAL AUTHORITY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#_INCOME_TAX_SLAB_INDIAN_COMPANY_WITH_GROSS_RECEIPTS_MORE_THAN_RS_400_CRORES\" title=\"\u00a0INCOME TAX SLAB INDIAN COMPANY WITH GROSS RECEIPTS MORE THAN RS. 400 CRORES\">\u00a0INCOME TAX SLAB INDIAN COMPANY WITH GROSS RECEIPTS MORE THAN RS. 400 CRORES<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#_INCOME_TAX_SLAB_INDIAN_COMPANY_WITH_GROSS_RECEIPTS_UPTO_RS_400_CRORES\" title=\"\u00a0INCOME TAX SLAB INDIAN COMPANY WITH GROSS RECEIPTS UPTO RS. 400 CRORES\">\u00a0INCOME TAX SLAB INDIAN COMPANY WITH GROSS RECEIPTS UPTO RS. 400 CRORES<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#INCOME_TAX_SLAB_COMPANY_REGISTERED_UNDER_SECTION_115BBA\" title=\"INCOME TAX SLAB COMPANY REGISTERED UNDER SECTION 115BBA\">INCOME TAX SLAB COMPANY REGISTERED UNDER SECTION 115BBA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#INCOME_TAX_SLAB_COMPANY_REGISTERED_UNDER_SECTION_115BAB\" title=\"INCOME TAX SLAB COMPANY REGISTERED UNDER SECTION 115BAB\">INCOME TAX SLAB COMPANY REGISTERED UNDER SECTION 115BAB<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#INCOME_TAX_SLAB_FOREIGN_COMPANY\" title=\"INCOME TAX SLAB FOREIGN COMPANY\">INCOME TAX SLAB FOREIGN COMPANY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#INCOME_TAX_SLAB_%E2%80%93CO-OPERATIVE_SOCIETY\" title=\"INCOME TAX SLAB &#8211;CO-OPERATIVE SOCIETY\">INCOME TAX SLAB &#8211;CO-OPERATIVE SOCIETY<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/carajput.com\/blog\/income-tax-slab-rates\/#FM_Nirmala_Sitharaman_confirms_no_tax_rate_cuts_for_old_tax_regime\" title=\"FM Nirmala Sitharaman confirms no tax rate cuts for old tax regime\">FM Nirmala Sitharaman confirms no tax rate cuts for old tax regime<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"All_the_Important_Due_Dates_and_Limits_applicable_FY_2023\"><\/span><a href=\"https:\/\/carajput.com\/publications\/latest-direct-tax-income-tax-slab-and-income-tax-rates-in-india.pdf\"><span style=\"color: #000080;\"><strong>All the Important Due Dates and Limits applicable FY 2023<\/strong><\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25610\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0001.jpg\" alt=\"All the Important Due Dates and Limits applicable\" width=\"2481\" height=\"1712\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0001.jpg 2481w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0001-300x207.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0001-1024x707.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0001-768x530.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0001-1536x1060.jpg 1536w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0001-2048x1413.jpg 2048w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0001-800x552.jpg 800w\" sizes=\"(max-width: 2481px) 100vw, 2481px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25611\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0002.jpg\" alt=\"All the Important Due Dates and Limits applicable\" width=\"2481\" height=\"1711\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0002.jpg 2481w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0002-300x207.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0002-1024x706.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0002-768x530.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0002-1536x1059.jpg 1536w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0002-2048x1412.jpg 2048w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0002-800x552.jpg 800w\" sizes=\"(max-width: 2481px) 100vw, 2481px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Income_Tax_Slab_for_Assessment_Year_2021-22\"><\/span><span style=\"color: #000080;\">Income Tax Slab for Assessment Year 2021-22<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we already know, in India there is a progressive rate of tax, meaning that persons with higher income, are taxed at higher rate. The main motive behind such a taxation system is to have equal distribution of income in India. For determining the applicable tax slab, many factors have been provided by the IT department. Various factors on which the Income Tax Slab of the taxpayer depends are &#8211; their residential status, the amount of income, form of assessee and their age.<\/p>\n<p>In the Budget presented on 1<sup>st<\/sup> February, 2020, the finance minister announced a new taxation method, which will be effective from the AY 2021-22, however, the same shall be optional in nature. Such new tax regime aims to provide lower tax liability to individual and <a href=\"https:\/\/carajput.com\/blog\/tag\/hindu-undivided-family-huf\/\">HUF<\/a>, and being an optional method, the assessee can choose the regime which best suits them. Both regimes have their own merits and demerits, and the <a href=\"https:\/\/carajput.com\/blog\/taxes-on-income-received-from-blogging-under-income-tax\/\">taxpayer<\/a> shall consider the one which provides lower tax liability.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"UPDATES_UNDER_BUDGET_2021\"><\/span><span style=\"color: #000080;\"><strong>UPDATES UNDER BUDGET 2021<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As per the budget presented on 1<sup>st<\/sup> February 2021, the following updates were notified<\/p>\n<ol>\n<li>No change has been observed in the old and new tax slabs, provided under the Income Tax Act.<\/li>\n<li>It was announced that any Senior Citizens, of age 75years and above and have only pension and interest income as the only source of income, is not required to file their ITR.<\/li>\n<li>The rate of Surcharge and HEC rates and standard deduction will also be the same.<\/li>\n<li>The deductions provided under section 24(b), 80C and other sections under chapter VI-A, shall also be the same. However, the benefit provided to the entities under section 80EEA, shall continue to be granted for one more year, that will be till 31<sup>st<\/sup> March 2022.<\/li>\n<li>Also, the timeline for sanctioning of the loan under section 80EEA has been extended till 31<sup>st<\/sup> March, 2022.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_TAX_SLAB_RATES\"><\/span><span style=\"color: #000080;\"><strong>INCOME TAX SLAB RATES<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Income-Tax-Rates-for-FY-2020-21-FY-2021-22.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-12594\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Income-Tax-Rates-for-FY-2020-21-FY-2021-22.jpg\" alt=\"Income-Tax-Rates-for-FY-2020-21-FY-2021-22\" width=\"825\" height=\"489\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Income-Tax-Rates-for-FY-2020-21-FY-2021-22.jpg 682w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/Income-Tax-Rates-for-FY-2020-21-FY-2021-22-300x178.jpg 300w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/a><\/p>\n<ol>\n<li><span style=\"color: #000080;\"><strong>FOR INDIVIDUALS BELOW THE AGE OF 60 YEARS<\/strong><\/span><\/li>\n<\/ol>\n<table style=\"height: 754px;\" width=\"1064\">\n<tbody>\n<tr>\n<td width=\"170\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"217\"><span style=\"color: #000080;\"><strong>OLD TAX REGIME<\/strong><\/span><\/td>\n<td width=\"293\"><span style=\"color: #000080;\"><strong>NEW TAX REGIME<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"170\"><strong>0 \u2013 2,50,000<\/strong><\/td>\n<td width=\"217\">NIL<\/td>\n<td width=\"293\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"170\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"217\">5%<\/td>\n<td width=\"293\">5%<\/td>\n<\/tr>\n<tr>\n<td width=\"170\"><strong>5,00,001 \u2013 7,50,000<\/strong><\/td>\n<td rowspan=\"2\" width=\"217\">20% ON EXCESS OF 5,00,00 + 12,500<\/td>\n<td width=\"293\">10% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<\/tr>\n<tr>\n<td width=\"170\"><strong>7,50,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"293\">15% ON EXCESS OF 7,50,000 + 37,500<\/td>\n<\/tr>\n<tr>\n<td width=\"170\"><strong>10,00,001 \u2013 12,50,000<\/strong><\/td>\n<td rowspan=\"3\" width=\"217\">30% ON EXCESS OF 10,00,000 + 1,12,500<\/td>\n<td width=\"293\">20% ON EXCESS OF 10,00,000 + 75,000<\/td>\n<\/tr>\n<tr>\n<td width=\"170\"><strong>12,50,001 \u2013 15,00,000<\/strong><\/td>\n<td width=\"293\">25% ON EXCESS OF 12,50,000 + 1,25,000<\/td>\n<\/tr>\n<tr>\n<td width=\"170\"><strong>ABOVE 15,00,000<\/strong><\/td>\n<td width=\"293\">30% ON EXCESS OF 15,00,000 + 1,87,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #ff9900;\"><strong>ADDITIONS TO TAX LIABILITY<\/strong><\/span><\/p>\n<p>This rate of surcharge and CESS is applied on all the individuals, HUF, BOI, AOP and NRI.<\/p>\n<ol>\n<li><span style=\"color: #ffcc00;\"><strong>HEALTH AND EDUCATION CESS:<\/strong><\/span> On the above tax liability, a Health and Education Cess @4%, is charged on the value of the tax liability including Surcharge, if any. This cess is applied on the tax liability of every person irrespective of their age and residency.<\/li>\n<li><span style=\"color: #ffcc00;\"><strong>SURCHARGE APPLICABLE:<\/strong>\u00a0<\/span>A fixed percentage of Surcharge is levied on the tax liability; in case the total taxable income of the individual exceeds the limit prescribed. The rates are as follows \u2013<\/li>\n<\/ol>\n<ul>\n<li>10% for Income exceeding Rs 50 Lakh and up to Rs 1 crore.<\/li>\n<li>15% for Income exceeding Rs 1 Crore and up to Rs 2 crores.<\/li>\n<li>25% for Income exceeding Rs 2 Crore and up to Rs 5 crores.<\/li>\n<li>37% for Income exceeding Rs 5 Crore<\/li>\n<\/ul>\n<p>Such rate of surcharge is applied and added to the value of Tax liability.<\/p>\n<ol start=\"2\">\n<li><span style=\"color: #000080;\"><strong><a href=\"https:\/\/www.caindelhiindia.com\/blog\/mandatory-filing-of-income-tax-return-ay-2022-23\/\"><span style=\"color: #0000ff;\">INCOME TAX<\/span><\/a> SLAB INDIVIDUALS WITH 60 YEARS AND ABOVE, BUT BELOW 80 YEARS<\/strong><\/span><\/li>\n<\/ol>\n<table style=\"height: 882px;\" width=\"1114\">\n<tbody>\n<tr>\n<td width=\"212\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"212\"><span style=\"color: #000080;\"><strong>OLD TAX REGIME<\/strong><\/span><\/td>\n<td width=\"212\"><span style=\"color: #000080;\"><strong>NEW TAX REGIME<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"212\"><strong>0 \u2013 3,00,000<\/strong><\/td>\n<td width=\"212\">NIL<\/td>\n<td width=\"212\"><\/td>\n<\/tr>\n<tr>\n<td width=\"212\"><strong>0 &#8211; 2,50,000<\/strong><\/td>\n<td width=\"212\"><\/td>\n<td width=\"212\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"212\"><strong>3,00,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"212\">5%<\/td>\n<td width=\"212\"><\/td>\n<\/tr>\n<tr>\n<td width=\"212\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"212\"><\/td>\n<td width=\"212\">5%<\/td>\n<\/tr>\n<tr>\n<td width=\"212\"><strong>5,00,001 \u2013 7,50,000<\/strong><\/td>\n<td rowspan=\"2\" width=\"212\">20% ON EXCESS OF 5,00,00 + 12,500<\/td>\n<td width=\"212\">10% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<\/tr>\n<tr>\n<td width=\"212\"><strong>7,50,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"212\">15% ON EXCESS OF 7,50,000 + 37,500<\/td>\n<\/tr>\n<tr>\n<td width=\"212\"><strong>10,00,001 \u2013 12,50,000<\/strong><\/td>\n<td rowspan=\"3\" width=\"212\">30% ON EXCESS OF 10,00,000 + 1,12,500<\/td>\n<td width=\"212\">20% ON EXCESS OF 10,00,000 + 75,000<\/td>\n<\/tr>\n<tr>\n<td width=\"212\"><strong>12,50,001 \u2013 15,00,000<\/strong><\/td>\n<td width=\"212\">25% ON EXCESS OF 12,50,000 + 1,25,000<\/td>\n<\/tr>\n<tr>\n<td width=\"212\"><strong>ABOVE 15,00,000<\/strong><\/td>\n<td width=\"212\">30% ON EXCESS OF 15,00,000 + 1,87,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol start=\"3\">\n<li><span style=\"color: #000080;\"><strong>INCOME TAX SLAB <\/strong><\/span><span style=\"color: #000080;\"><strong>INDIVIDUALS WITH THE AGE OF 80 YEARS AND ABOVE<\/strong><\/span><\/li>\n<\/ol>\n<table style=\"height: 815px;\" width=\"1091\">\n<tbody>\n<tr>\n<td width=\"213\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"213\"><span style=\"color: #000080;\"><strong>OLD TAX REGIME<\/strong><\/span><\/td>\n<td width=\"213\"><span style=\"color: #000080;\"><strong>NEW TAX REGIME<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"213\"><strong>0 \u2013 5,00,000<\/strong><\/td>\n<td width=\"213\">NIL<\/td>\n<td width=\"213\"><\/td>\n<\/tr>\n<tr>\n<td width=\"213\"><strong>0 \u2013 2,50,000<\/strong><\/td>\n<td width=\"213\"><\/td>\n<td width=\"213\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"213\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"213\"><\/td>\n<td width=\"213\">5%<\/td>\n<\/tr>\n<tr>\n<td width=\"213\"><strong>5,00,001 \u2013 7,50,000<\/strong><\/td>\n<td rowspan=\"2\" width=\"213\">20% ON EXCESS OF 5,00,00 + 12,500<\/td>\n<td width=\"213\">10% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<\/tr>\n<tr>\n<td width=\"213\"><strong>7,50,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"213\">15% ON EXCESS OF 7,50,000 + 37,500<\/td>\n<\/tr>\n<tr>\n<td width=\"213\"><strong>10,00,001 \u2013 12,50,000<\/strong><\/td>\n<td rowspan=\"3\" width=\"213\">30% ON EXCESS OF 10,00,000 + 1,12,500<\/td>\n<td width=\"213\">20% ON EXCESS OF 10,00,000 + 75,000<\/td>\n<\/tr>\n<tr>\n<td width=\"213\"><strong>12,50,001 \u2013 15,00,000<\/strong><\/td>\n<td width=\"213\">25% ON EXCESS OF 12,50,000 + 1,25,000<\/td>\n<\/tr>\n<tr>\n<td width=\"213\"><strong>ABOVE 15,00,000<\/strong><\/td>\n<td width=\"213\">30% ON EXCESS OF 15,00,000 + 1,87,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol start=\"4\">\n<li><span style=\"color: #000080;\"><strong>INCOME TAX SLAB\u00a0 <\/strong><\/span><span style=\"color: #000080;\"><strong>NRI INDIVIDUAL IRRESPECTIVE OF AGE<\/strong><\/span><\/li>\n<\/ol>\n<table style=\"height: 723px;\" width=\"1037\">\n<tbody>\n<tr>\n<td width=\"209\"><strong>TAXABLE INCOME (RS)<\/strong><\/td>\n<td width=\"209\"><strong>OLD TAX REGIME<\/strong><\/td>\n<td width=\"209\"><strong>NEW TAX REGIME<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"209\"><strong>0 \u2013 2,50,000<\/strong><\/td>\n<td width=\"209\">NIL<\/td>\n<td width=\"209\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"209\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"209\">5%<\/td>\n<td width=\"209\">5%<\/td>\n<\/tr>\n<tr>\n<td width=\"209\"><strong>5,00,001 \u2013 7,50,000<\/strong><\/td>\n<td rowspan=\"2\" width=\"209\">20% ON EXCESS OF 5,00,00 + 12,500<\/td>\n<td width=\"209\">10% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<\/tr>\n<tr>\n<td width=\"209\"><strong>7,50,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"209\">15% ON EXCESS OF 7,50,000 + 37,500<\/td>\n<\/tr>\n<tr>\n<td width=\"209\"><strong>10,00,001 \u2013 12,50,000<\/strong><\/td>\n<td rowspan=\"3\" width=\"209\">30% ON EXCESS OF 10,00,000 + 1,12,500<\/td>\n<td width=\"209\">20% ON EXCESS OF 10,00,000 + 75,000<\/td>\n<\/tr>\n<tr>\n<td width=\"209\"><strong>12,50,001 \u2013 15,00,000<\/strong><\/td>\n<td width=\"209\">25% ON EXCESS OF 12,50,000 + 1,25,000<\/td>\n<\/tr>\n<tr>\n<td width=\"209\"><strong>ABOVE 15,00,000<\/strong><\/td>\n<td width=\"209\">30% ON EXCESS OF 15,00,000 + 1,87,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol start=\"5\">\n<li><span style=\"color: #000080;\"><strong>INCOME TAX SLAB <\/strong><\/span><span style=\"color: #000080;\"><strong>HINDU UNDIVIDED FAMILY (HUF)<\/strong><\/span><\/li>\n<\/ol>\n<table style=\"height: 757px;\" width=\"1081\">\n<tbody>\n<tr>\n<td width=\"211\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"153\"><span style=\"color: #000080;\"><strong>OLD TAX REGIME<\/strong><\/span><\/td>\n<td width=\"270\"><span style=\"color: #000080;\"><strong>NEW TAX REGIME<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"211\"><strong>0 \u2013 2,50,000<\/strong><\/td>\n<td width=\"153\">NIL<\/td>\n<td width=\"270\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"211\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"153\">5%<\/td>\n<td width=\"270\">5%<\/td>\n<\/tr>\n<tr>\n<td width=\"211\"><strong>5,00,001 \u2013 7,50,000<\/strong><\/td>\n<td rowspan=\"2\" width=\"153\">20% ON EXCESS OF 5,00,00 + 12,500<\/td>\n<td width=\"270\">10% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<\/tr>\n<tr>\n<td width=\"211\"><strong>7,50,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"270\">15% ON EXCESS OF 7,50,000 + 37,500<\/td>\n<\/tr>\n<tr>\n<td width=\"211\"><strong>10,00,001 \u2013 12,50,000<\/strong><\/td>\n<td rowspan=\"3\" width=\"153\">30% ON EXCESS OF 10,00,000 + 1,12,500<\/td>\n<td width=\"270\">20% ON EXCESS OF 10,00,000 + 75,000<\/td>\n<\/tr>\n<tr>\n<td width=\"211\"><strong>12,50,001 \u2013 15,00,000<\/strong><\/td>\n<td width=\"270\">25% ON EXCESS OF 12,50,000 + 1,25,000<\/td>\n<\/tr>\n<tr>\n<td width=\"211\"><strong>ABOVE 15,00,000<\/strong><\/td>\n<td width=\"270\">30% ON EXCESS OF 15,00,000 + 1,87,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<ol start=\"6\">\n<li><span style=\"color: #000080;\"><strong>INCOME TAX SLAB <\/strong><\/span><span style=\"color: #000080;\"><strong>ASSOCIATION OF PERSONS, BODY OF INDVIDUAL AND ARTIFICIAL JURIDICAL PERSON<\/strong><\/span><\/li>\n<\/ol>\n<table style=\"height: 410px;\" width=\"1070\">\n<tbody>\n<tr>\n<td width=\"321\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"321\"><span style=\"color: #000080;\"><strong>OLD TAX REGIME<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>0 \u2013 2,50,000<\/strong><\/td>\n<td width=\"321\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"321\">5%<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>5,00,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"321\">20% ON EXCESS OF 5,00,00 + 12,500<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>ABOVE 10,00,000<\/strong><\/td>\n<td width=\"321\">30% ON EXCESS OF 10,00,000 + 1,12,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>No new tax slabs have been provided for AOP, BOI<\/p>\n<ol start=\"7\">\n<li><span style=\"color: #000080;\"><strong>INCOME TAX SLAB <\/strong><\/span><span style=\"color: #000080;\"><strong>CO-OPERATIVE SOCIETY<\/strong><\/span><\/li>\n<\/ol>\n<table style=\"height: 547px;\" width=\"1068\">\n<tbody>\n<tr>\n<td width=\"30%\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"22%\"><span style=\"color: #000080;\"><strong>OLD TAX REGIME<\/strong><\/span><\/td>\n<td width=\"46%\"><span style=\"color: #000080;\"><strong>NEW TAX REGIME<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>0 \u2013 2,50,000<\/strong><\/td>\n<td width=\"22%\">NIL<\/td>\n<td rowspan=\"4\" width=\"46%\">THE RESIDENT CO-OPERATIVE SOCIETY HAVE AN OPTION TO PAY TAX AT A LOWER RATE OF TAX @ 22% AS PER THE SECTION 115BAD, IRRESPECTIVE THE AMOUNT OF INCOME EARNED.<\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"22%\">5%<\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>5,00,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"22%\">20% ON EXCESS OF 5,00,00 + 12,500<\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>ABOVE 10,00,000<\/strong><\/td>\n<td width=\"22%\">30% ON EXCESS OF 10,00,000 + 1,12,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #ff0000;\"><strong>ADDITIONS TO TAX LIABILITY<\/strong><\/span><\/p>\n<p>This rate of surcharge and CESS is applied on Co-Operative Societies, Partnership Firms, Local Authorities and Limited Liability Partnership.<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li><span style=\"color: #ff9900;\"><strong>HEALTH AND EDUCATION CESS:<\/strong> <\/span>On the above tax liability, a Health and Education Cess @4%, is charged on the value of the tax liability including Surcharge, if any.<\/li>\n<li><span style=\"color: #ff9900;\"><strong>SURCHARGE APPLICABLE:<\/strong><\/span>A fixed percentage of Surcharge is levied on the tax liability; in case the total taxable income. Where the total taxable income of the above mentioned assesses exceeds Rs 1 crore, a surcharge @ 12 % of the income tax liability is levied.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ol start=\"8\">\n<li><span style=\"color: #000080;\"><strong>INCOME TAX SLAB <\/strong><\/span><span style=\"color: #000080;\"><strong>INDIAN COMPANIES<\/strong><\/span><\/li>\n<\/ol>\n<table style=\"height: 1212px;\" width=\"1078\">\n<tbody>\n<tr>\n<td width=\"150\"><span style=\"color: #000080;\"><strong>PARTICULARS<\/strong><\/span><\/td>\n<td width=\"122\"><span style=\"color: #000080;\"><strong>SECTION 115BA<\/strong><\/span><\/td>\n<td width=\"104\"><span style=\"color: #000080;\"><strong>SECTION 115BAA<\/strong><\/span><\/td>\n<td width=\"170\"><span style=\"color: #000080;\"><strong>SECTION 115BAB<\/strong><\/span><\/td>\n<td width=\"103\"><span style=\"color: #000080;\"><strong>OTHERS<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"150\"><strong>EFFECTIVE DATE<\/strong><\/td>\n<td width=\"122\">A.Y. 2017-18<\/td>\n<td width=\"104\">A.Y. 2020-21<\/td>\n<td width=\"170\">A.Y. 2020-21<\/td>\n<td width=\"103\">\u2013<\/td>\n<\/tr>\n<tr>\n<td width=\"150\"><strong>ELIGIBLE ENTITIES<\/strong><\/td>\n<td width=\"122\">ALL DOMESTIC COMPNAIES ENGAGED IN MANUFACTURING AND PRODUCTION OF ARTICLES.<\/td>\n<td width=\"104\">ALL DOMESTIC COMPANIES<\/td>\n<td width=\"170\">ALL DOMESTIC COMPNAIES ENGAGED IN MANUFACTURING AND PRODUCTION OF ARTICLES.<\/td>\n<td width=\"103\">ALL DOMESTIC COMPANIES<\/td>\n<\/tr>\n<tr>\n<td width=\"150\"><strong>DATE OF INCORPORATION<\/strong><\/td>\n<td width=\"122\">INCORPORATED AND COMMENCED ON AND AFTER 1<sup>ST<\/sup> MARCH 2016<\/td>\n<td width=\"104\">NO SPECIFIC REQUIREMENT<\/td>\n<td width=\"170\">INCORPRATED ON AND AFTER\u00a0 1<sup>ST<\/sup> OCTOBER 2019 AND COMMENCED ON AND BEFORE 31<sup>ST<\/sup> MARCH 2023<\/td>\n<td width=\"103\">NO SPECIFIC REQURIEMENT<\/td>\n<\/tr>\n<tr>\n<td width=\"150\"><strong>BASIC RATE OF TAX<\/strong><\/td>\n<td width=\"122\">25%<\/td>\n<td width=\"104\">22%<\/td>\n<td width=\"170\">15%<\/td>\n<td width=\"103\">25% IF TURNOVER UPTO RS 400 CRORES, OTHERWISE 30%<\/td>\n<\/tr>\n<tr>\n<td width=\"150\"><strong>SURCHARGE APPLICABLE<\/strong><\/td>\n<td width=\"122\">7% IF INCOME ABOVE RS 1 CRORE, UPTO RS 10 CRORES. 12% FOR INCOME ABOVE RS 10 CRORES<\/td>\n<td width=\"104\">10%<\/td>\n<td width=\"170\">10%<\/td>\n<td width=\"103\">7% IF INCOME ABOVE RS 1 CRORE, UPTO RS 10 CRORES. 12% FOR INCOME ABOVE RS 10 CRORES<\/td>\n<\/tr>\n<tr>\n<td width=\"150\"><strong>CESS<\/strong><\/td>\n<td width=\"122\">4%<\/td>\n<td width=\"104\">4%<\/td>\n<td width=\"170\">4%<\/td>\n<td width=\"103\">4%<\/td>\n<\/tr>\n<tr>\n<td width=\"150\"><strong>MAT APPLICABILITY<\/strong><\/td>\n<td width=\"122\">APPLICABLE @ 15%<\/td>\n<td width=\"104\">NOT APPLICABLE<\/td>\n<td width=\"170\">NOT APPLICABLE<\/td>\n<td width=\"103\">APPLICABLE @ 15%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol start=\"9\">\n<li><span style=\"color: #000080;\"><strong>INCOME TAX SLAB <\/strong><\/span><span style=\"color: #000080;\"><strong>FOREIGN COMPANY<\/strong><\/span><\/li>\n<\/ol>\n<table style=\"height: 576px;\" width=\"1059\">\n<tbody>\n<tr>\n<td width=\"255\"><span style=\"color: #000080;\">PARTICULARS<\/span><\/td>\n<td width=\"66\"><span style=\"color: #000080;\">TAX RATE<\/span><\/td>\n<td width=\"274\"><span style=\"color: #000080;\">SURCHARGE<\/span><\/td>\n<td width=\"56\"><span style=\"color: #000080;\">CESS<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"255\">FOREIGN COMPANY RECEIVING ROYALTY OR TECHNICAL FEES FROM GOVERNMENT OF INDIA<\/td>\n<td width=\"66\">50%<\/td>\n<td width=\"274\">2% IF INCOME ABOVE RS 1 CRORE, UPTO RS 10 CRORES. 5% FOR INCOME ABOVE RS 10 CRORES<\/td>\n<td width=\"56\">4%<\/td>\n<\/tr>\n<tr>\n<td width=\"255\">FOREIGN COMPANY RECEIVING ANY OTHER INCOME<\/td>\n<td width=\"66\">40%<\/td>\n<td width=\"274\">2% IF INCOME ABOVE RS 1 CRORE, UPTO RS 10 CRORES. 5% FOR INCOME ABOVE RS 10 CRORES<\/td>\n<td width=\"56\">4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"SOME_CALCULATIONS_RELATING_TO_TAX_LIABILITY\"><\/span><span style=\"color: #ff0000;\"><strong>SOME CALCULATIONS RELATING TO TAX LIABILITY<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_TAX_SLAB_INDIVIDUALS_BELOW_THE_AGE_OF_60_YEARS\"><\/span><span style=\"color: #000080;\"><strong>INCOME TAX SLAB <\/strong><\/span><span style=\"color: #000080;\">INDIVIDUALS BELOW THE AGE OF 60 YEARS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 1548px;\" width=\"1049\">\n<tbody>\n<tr>\n<td width=\"136\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"138\"><span style=\"color: #000080;\"><strong>OLD TAX REGIME<\/strong><\/span><\/td>\n<td width=\"138\"><span style=\"color: #000080;\"><strong>NEW TAX REGIME<\/strong><\/span><\/td>\n<td width=\"102\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"47\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"102\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"136\"><strong>0 \u2013 2,50,000<\/strong><\/td>\n<td width=\"138\">NIL<\/td>\n<td width=\"138\">NIL<\/td>\n<td width=\"102\">NIL<\/td>\n<td width=\"47\">NIL<\/td>\n<td width=\"102\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"136\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"138\">5%<\/td>\n<td width=\"138\">5%<\/td>\n<td width=\"102\">NIL<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"102\">UPTO RS 12,500<\/td>\n<\/tr>\n<tr>\n<td width=\"136\"><strong>5,00,001 \u2013 7,50,000<\/strong><\/td>\n<td rowspan=\"2\" width=\"138\">20% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<td width=\"138\">10% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<td width=\"102\">NIL<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"102\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"136\"><strong>7,50,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"138\">15% ON EXCESS OF 7,50,000 + 37,500<\/td>\n<td width=\"102\">NIL<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"102\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"136\"><strong>10,00,001 \u2013 12,50,000<\/strong><\/td>\n<td width=\"138\">30% ON EXCESS OF 10,00,000 + 1,12,500<\/td>\n<td width=\"138\">20% ON EXCESS OF 10,00,000 + 75,000<\/td>\n<td width=\"102\">NIL<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"102\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"136\"><strong>12,50,001 \u2013 15,00,000<\/strong><\/td>\n<td width=\"138\">30% ON EXCESS OF 12,50,000 + 1,87,500<\/td>\n<td width=\"138\">25% ON EXCESS OF 12,50,000 + 1,25,000<\/td>\n<td width=\"102\">NIL<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"102\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"136\"><strong>15,00,001 \u2013 50,00,000<\/strong><\/td>\n<td width=\"138\">30% ON EXCESS OF 15,00,000 + 2,62,500<\/td>\n<td width=\"138\">30% ON EXCESS OF 15,00,000 + 1,87,500<\/td>\n<td width=\"102\">NIL<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"102\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"136\"><strong>50,00,001 \u2013 1,00,00,000<\/strong><\/td>\n<td width=\"138\">30% ON EXCESS OF 50,00,000 + 13,12,500<\/td>\n<td width=\"138\">30% ON EXCESS OF 50,00,000 + 12,37,500<\/td>\n<td width=\"102\">10%<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"102\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"136\"><strong>1,00,00,001 \u2013 2,00,00,000<\/strong><\/td>\n<td width=\"138\">30% ON EXCESS OF 1,00,00,000 + 28,12,500<\/td>\n<td width=\"138\">30% ON EXCESS OF 1,00,00,000 + 27,37,500<\/td>\n<td width=\"102\">15%<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"102\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"136\"><strong>2,00,00,001 \u2013 5,00,00,000<\/strong><\/td>\n<td width=\"138\">30% ON EXCESS OF 2,00,00,000 + 58,12,500<\/td>\n<td width=\"138\">30% ON EXCESS OF 2,00,00,000 + 57,37,500<\/td>\n<td width=\"102\">25%<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"102\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"136\"><strong>ABOVE 5,00,00,000<\/strong><\/td>\n<td width=\"138\">30% ON EXCESS OF 5,00,00,000 + 1,48,12,500<\/td>\n<td width=\"138\">30% ON EXCESS OF 5,00,00,000 + 1,47,37,500<\/td>\n<td width=\"102\">37%<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"102\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_TAX_SLAB_INDIVIDUALS_WITH_60_YEARS_AND_ABOVE_BUT_BELOW_80_YEARS\"><\/span><span style=\"color: #000080;\"><strong>INCOME TAX SLAB\u00a0 <\/strong><\/span><span style=\"color: #000080;\"><strong>INDIVIDUALS WITH 60 YEARS AND ABOVE, BUT BELOW 80 YEARS<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 1732px;\" width=\"1112\">\n<tbody>\n<tr>\n<td width=\"96\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"172\"><span style=\"color: #000080;\"><strong>OLD TAX REGIME<\/strong><\/span><\/td>\n<td width=\"145\"><span style=\"color: #000080;\"><strong>NEW TAX REGIME<\/strong><\/span><\/td>\n<td width=\"103\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"48\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"77\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>0 \u2013 3,00,000<\/strong><\/td>\n<td width=\"172\">NIL<\/td>\n<td width=\"145\"><\/td>\n<td width=\"103\">NIL<\/td>\n<td width=\"48\">NIL<\/td>\n<td width=\"77\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>0 \u2013 2,50,000<\/strong><\/td>\n<td width=\"172\"><\/td>\n<td width=\"145\">NIL<\/td>\n<td width=\"103\">NIL<\/td>\n<td width=\"48\">NIL<\/td>\n<td width=\"77\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>3,00,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"172\">5%<\/td>\n<td width=\"145\"><\/td>\n<td width=\"103\">NIL<\/td>\n<td width=\"48\">4%<\/td>\n<td width=\"77\">UPTO RS 12,500<\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"172\"><\/td>\n<td width=\"145\">5%<\/td>\n<td width=\"103\">NIL<\/td>\n<td width=\"48\">4%<\/td>\n<td width=\"77\">UPTO RS 12,500<\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>5,00,001 \u2013 7,50,000<\/strong><\/td>\n<td rowspan=\"2\" width=\"172\">20% ON EXCESS OF 5,00,000 + 10,000<\/td>\n<td width=\"145\">10% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<td width=\"103\">NIL<\/td>\n<td width=\"48\">4%<\/td>\n<td width=\"77\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>7,50,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"145\">15% ON EXCESS OF 7,50,000 + 37,500<\/td>\n<td width=\"103\">NIL<\/td>\n<td width=\"48\">4%<\/td>\n<td width=\"77\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>10,00,001 \u2013 12,50,000<\/strong><\/td>\n<td width=\"172\">30% ON EXCESS OF 10,00,000 + 1,10,000<\/td>\n<td width=\"145\">20% ON EXCESS OF 10,00,000 + 75,000<\/td>\n<td width=\"103\">NIL<\/td>\n<td width=\"48\">4%<\/td>\n<td width=\"77\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>12,50,001 \u2013 15,00,000<\/strong><\/td>\n<td width=\"172\">30% ON EXCESS OF 12,50,000 + 1,85,000<\/td>\n<td width=\"145\">25% ON EXCESS OF 12,50,000 + 1,25,000<\/td>\n<td width=\"103\">NIL<\/td>\n<td width=\"48\">4%<\/td>\n<td width=\"77\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>15,00,001 \u2013 50,00,000<\/strong><\/td>\n<td width=\"172\">30% ON EXCESS OF 15,00,000 + 2,60,000<\/td>\n<td width=\"145\">30% ON EXCESS OF 15,00,000 + 1,87,500<\/td>\n<td width=\"103\">NIL<\/td>\n<td width=\"48\">4%<\/td>\n<td width=\"77\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>50,00,001 \u2013 1,00,00,000<\/strong><\/td>\n<td width=\"172\">30% ON EXCESS OF 50,00,000 + 13,10,000<\/td>\n<td width=\"145\">30% ON EXCESS OF 50,00,000 + 12,37,500<\/td>\n<td width=\"103\">10%<\/td>\n<td width=\"48\">4%<\/td>\n<td width=\"77\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>1,00,00,001 \u2013 2,00,00,000<\/strong><\/td>\n<td width=\"172\">30% ON EXCESS OF 1,00,00,000 + 28,10,000<\/td>\n<td width=\"145\">30% ON EXCESS OF 1,00,00,000 + 27,37,500<\/td>\n<td width=\"103\">15%<\/td>\n<td width=\"48\">4%<\/td>\n<td width=\"77\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>2,00,00,001 \u2013 5,00,00,000<\/strong><\/td>\n<td width=\"172\">30% ON EXCESS OF 2,00,00,000 + 58,10,000<\/td>\n<td width=\"145\">30% ON EXCESS OF 2,00,00,000 + 57,37,500<\/td>\n<td width=\"103\">25%<\/td>\n<td width=\"48\">4%<\/td>\n<td width=\"77\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"96\"><strong>ABOVE 5,00,00,000<\/strong><\/td>\n<td width=\"172\">30% ON EXCESS OF 5,00,00,000 + 1,48,10,000<\/td>\n<td width=\"145\">30% ON EXCESS OF 5,00,00,000 + 1,47,37,500<\/td>\n<td width=\"103\">37%<\/td>\n<td width=\"48\">4%<\/td>\n<td width=\"77\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_TAX_SLAB_INDIVIDUALS_WITH_AGE_OF_80_YEARS_AND_ABOVE\"><\/span><strong><span style=\"color: #000080;\">INCOME TAX SLAB <\/span><span style=\"color: #000080;\">INDIVIDUALS WITH AGE OF 80 YEARS AND ABOVE<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 1661px;\" width=\"1080\">\n<tbody>\n<tr>\n<td width=\"123\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"170\"><span style=\"color: #000080;\"><strong>OLD TAX REGIME<\/strong><\/span><\/td>\n<td width=\"142\"><span style=\"color: #000080;\"><strong>NEW TAX REGIME<\/strong><\/span><\/td>\n<td width=\"58\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"75\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"60\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>0 \u2013 5,00,000<\/strong><\/td>\n<td width=\"170\">NIL<\/td>\n<td width=\"142\"><\/td>\n<td width=\"58\">NIL<\/td>\n<td width=\"75\">NIL<\/td>\n<td width=\"60\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>0 \u2013 2,50,000<\/strong><\/td>\n<td width=\"170\"><\/td>\n<td width=\"142\">NIL<\/td>\n<td width=\"58\">NIL<\/td>\n<td width=\"75\">NIL<\/td>\n<td width=\"60\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"170\"><\/td>\n<td width=\"142\">5%<\/td>\n<td width=\"58\">NIL<\/td>\n<td width=\"75\">4%<\/td>\n<td width=\"60\">UPTO RS 12,500<\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>5,00,001 \u2013 7,50,000<\/strong><\/td>\n<td rowspan=\"2\" width=\"170\">20% ON EXCESS OF 5,00,000<\/td>\n<td width=\"142\">10% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<td width=\"58\">NIL<\/td>\n<td width=\"75\">4%<\/td>\n<td width=\"60\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>7,50,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"142\">15% ON EXCESS OF 7,50,000 + 37,500<\/td>\n<td width=\"58\">NIL<\/td>\n<td width=\"75\">4%<\/td>\n<td width=\"60\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>10,00,001 \u2013 12,50,000<\/strong><\/td>\n<td width=\"170\">30% ON EXCESS OF 10,00,000 + 1,00,000<\/td>\n<td width=\"142\">20% ON EXCESS OF 10,00,000 + 75,000<\/td>\n<td width=\"58\">NIL<\/td>\n<td width=\"75\">4%<\/td>\n<td width=\"60\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>12,50,001 \u2013 15,00,000<\/strong><\/td>\n<td width=\"170\">30% ON EXCESS OF 12,50,000 + 1,75,000<\/td>\n<td width=\"142\">25% ON EXCESS OF 12,50,000 + 1,25,000<\/td>\n<td width=\"58\">NIL<\/td>\n<td width=\"75\">4%<\/td>\n<td width=\"60\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>15,00,001 \u2013 50,00,000<\/strong><\/td>\n<td width=\"170\">30% ON EXCESS OF 15,00,000 + 2,50,000<\/td>\n<td width=\"142\">30% ON EXCESS OF 15,00,000 + 1,87,500<\/td>\n<td width=\"58\">NIL<\/td>\n<td width=\"75\">4%<\/td>\n<td width=\"60\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>50,00,001 \u2013 1,00,00,000<\/strong><\/td>\n<td width=\"170\">30% ON EXCESS OF 50,00,000 + 13,00,000<\/td>\n<td width=\"142\">30% ON EXCESS OF 50,00,000 + 12,37,500<\/td>\n<td width=\"58\">10%<\/td>\n<td width=\"75\">4%<\/td>\n<td width=\"60\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>1,00,00,001 \u2013 2,00,00,000<\/strong><\/td>\n<td width=\"170\">30% ON EXCESS OF 1,00,00,000 + 28,00,000<\/td>\n<td width=\"142\">30% ON EXCESS OF 1,00,00,000 + 27,37,500<\/td>\n<td width=\"58\">15%<\/td>\n<td width=\"75\">4%<\/td>\n<td width=\"60\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>2,00,00,001 \u2013 5,00,00,000<\/strong><\/td>\n<td width=\"170\">30% ON EXCESS OF 2,00,00,000 + 58,00,000<\/td>\n<td width=\"142\">30% ON EXCESS OF 2,00,00,000 + 57,37,500<\/td>\n<td width=\"58\">25%<\/td>\n<td width=\"75\">4%<\/td>\n<td width=\"60\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>ABOVE 5,00,00,000<\/strong><\/td>\n<td width=\"170\">30% ON EXCESS OF 5,00,00,000 + 1,48,00,000<\/td>\n<td width=\"142\">30% ON EXCESS OF 5,00,00,000 + 1,47,37,500<\/td>\n<td width=\"58\">37%<\/td>\n<td width=\"75\">4%<\/td>\n<td width=\"60\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_TAX_SLAB_NON-RESIDENT_INDIVIDUALS_IRRESPECTIVE_OF_AGE\"><\/span><strong><span style=\"color: #000080;\">INCOME TAX SLAB <\/span><span style=\"color: #000080;\">NON-RESIDENT INDIVIDUALS, IRRESPECTIVE OF AGE<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 1547px;\" width=\"1083\">\n<tbody>\n<tr>\n<td width=\"155\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"115\"><span style=\"color: #000080;\"><strong>OLD TAX REGIME<\/strong><\/span><\/td>\n<td width=\"171\"><span style=\"color: #000080;\"><strong>NEW TAX REGIME<\/strong><\/span><\/td>\n<td width=\"61\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"86\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"74\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"155\"><strong>0 \u2013 2,50,000<\/strong><\/td>\n<td width=\"115\">NIL<\/td>\n<td width=\"171\">NIL<\/td>\n<td width=\"61\">NIL<\/td>\n<td width=\"86\">NIL<\/td>\n<td width=\"74\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"155\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"115\">5%<\/td>\n<td width=\"171\">5%<\/td>\n<td width=\"61\">NIL<\/td>\n<td width=\"86\">4%<\/td>\n<td width=\"74\">UPTO RS 12,500<\/td>\n<\/tr>\n<tr>\n<td width=\"155\"><strong>5,00,001 \u2013 7,50,000<\/strong><\/td>\n<td rowspan=\"2\" width=\"115\">20% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<td width=\"171\">10% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<td width=\"61\">NIL<\/td>\n<td width=\"86\">4%<\/td>\n<td width=\"74\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"155\"><strong>7,50,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"171\">15% ON EXCESS OF 7,50,000 + 37,500<\/td>\n<td width=\"61\">NIL<\/td>\n<td width=\"86\">4%<\/td>\n<td width=\"74\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"155\"><strong>10,00,001 \u2013 12,50,000<\/strong><\/td>\n<td width=\"115\">30% ON EXCESS OF 10,00,000 + 1,12,500<\/td>\n<td width=\"171\">20% ON EXCESS OF 10,00,000 + 75,000<\/td>\n<td width=\"61\">NIL<\/td>\n<td width=\"86\">4%<\/td>\n<td width=\"74\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"155\"><strong>12,50,001 \u2013 15,00,000<\/strong><\/td>\n<td width=\"115\">30% ON EXCESS OF 12,50,000 + 1,87,500<\/td>\n<td width=\"171\">25% ON EXCESS OF 12,50,000 + 1,25,000<\/td>\n<td width=\"61\">NIL<\/td>\n<td width=\"86\">4%<\/td>\n<td width=\"74\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"155\"><strong>15,00,001 \u2013 50,00,000<\/strong><\/td>\n<td width=\"115\">30% ON EXCESS OF 15,00,000 + 2,62,500<\/td>\n<td width=\"171\">30% ON EXCESS OF 15,00,000 + 1,87,500<\/td>\n<td width=\"61\">NIL<\/td>\n<td width=\"86\">4%<\/td>\n<td width=\"74\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"155\"><strong>50,00,001 \u2013 1,00,00,000<\/strong><\/td>\n<td width=\"115\">30% ON EXCESS OF 50,00,000 + 13,12,500<\/td>\n<td width=\"171\">30% ON EXCESS OF 50,00,000 + 12,37,500<\/td>\n<td width=\"61\">10%<\/td>\n<td width=\"86\">4%<\/td>\n<td width=\"74\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"155\"><strong>1,00,00,001 \u2013 2,00,00,000<\/strong><\/td>\n<td width=\"115\">30% ON EXCESS OF 1,00,00,000 + 28,12,500<\/td>\n<td width=\"171\">30% ON EXCESS OF 1,00,00,000 + 27,37,500<\/td>\n<td width=\"61\">15%<\/td>\n<td width=\"86\">4%<\/td>\n<td width=\"74\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"155\"><strong>2,00,00,001 \u2013 5,00,00,000<\/strong><\/td>\n<td width=\"115\">30% ON EXCESS OF 2,00,00,000 + 58,12,500<\/td>\n<td width=\"171\">30% ON EXCESS OF 2,00,00,000 + 57,37,500<\/td>\n<td width=\"61\">25%<\/td>\n<td width=\"86\">4%<\/td>\n<td width=\"74\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"155\"><strong>ABOVE 5,00,00,000<\/strong><\/td>\n<td width=\"115\">30% ON EXCESS OF 5,00,00,000 + 1,48,12,500<\/td>\n<td width=\"171\">30% ON EXCESS OF 5,00,00,000 + 1,47,37,500<\/td>\n<td width=\"61\">37%<\/td>\n<td width=\"86\">4%<\/td>\n<td width=\"74\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_TAX_SLAB_HUF\"><\/span><span style=\"color: #000080;\"><strong>INCOME TAX SLAB <\/strong><\/span><strong style=\"color: #000080; font-size: 16px;\">HUF<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 1385px;\" width=\"1093\">\n<tbody>\n<tr>\n<td width=\"134\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"149\"><span style=\"color: #000080;\"><strong>OLD TAX REGIME<\/strong><\/span><\/td>\n<td width=\"170\"><span style=\"color: #000080;\"><strong>NEW TAX REGIME<\/strong><\/span><\/td>\n<td width=\"85\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"47\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"76\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"134\"><strong>0 \u2013 2,50,000<\/strong><\/td>\n<td width=\"149\">NIL<\/td>\n<td width=\"170\">NIL<\/td>\n<td width=\"85\">NIL<\/td>\n<td width=\"47\">NIL<\/td>\n<td width=\"76\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"134\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"149\">5%<\/td>\n<td width=\"170\">5%<\/td>\n<td width=\"85\">NIL<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"76\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"134\"><strong>5,00,001 \u2013 7,50,000<\/strong><\/td>\n<td rowspan=\"2\" width=\"149\">20% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<td width=\"170\">10% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<td width=\"85\">NIL<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"76\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"134\"><strong>7,50,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"170\">15% ON EXCESS OF 7,50,000 + 37,500<\/td>\n<td width=\"85\">NIL<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"76\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"134\"><strong>10,00,001 \u2013 12,50,000<\/strong><\/td>\n<td width=\"149\">30% ON EXCESS OF 10,00,000 + 1,12,500<\/td>\n<td width=\"170\">20% ON EXCESS OF 10,00,000 + 75,000<\/td>\n<td width=\"85\">NIL<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"76\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"134\"><strong>12,50,001 \u2013 15,00,000<\/strong><\/td>\n<td width=\"149\">30% ON EXCESS OF 12,50,000 + 1,87,500<\/td>\n<td width=\"170\">25% ON EXCESS OF 12,50,000 + 1,25,000<\/td>\n<td width=\"85\">NIL<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"76\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"134\"><strong>15,00,001 \u2013 50,00,000<\/strong><\/td>\n<td width=\"149\">30% ON EXCESS OF 15,00,000 + 2,62,500<\/td>\n<td width=\"170\">30% ON EXCESS OF 15,00,000 + 1,87,500<\/td>\n<td width=\"85\">NIL<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"76\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"134\"><strong>50,00,001 \u2013 1,00,00,000<\/strong><\/td>\n<td width=\"149\">30% ON EXCESS OF 50,00,000 + 13,12,500<\/td>\n<td width=\"170\">30% ON EXCESS OF 50,00,000 + 12,37,500<\/td>\n<td width=\"85\">10%<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"76\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"134\"><strong>1,00,00,001 \u2013 2,00,00,000<\/strong><\/td>\n<td width=\"149\">30% ON EXCESS OF 1,00,00,000 + 28,12,500<\/td>\n<td width=\"170\">30% ON EXCESS OF 1,00,00,000 + 27,37,500<\/td>\n<td width=\"85\">15%<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"76\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"134\"><strong>2,00,00,001 \u2013 5,00,00,000<\/strong><\/td>\n<td width=\"149\">30% ON EXCESS OF 2,00,00,000 + 58,12,500<\/td>\n<td width=\"170\">30% ON EXCESS OF 2,00,00,000 + 57,37,500<\/td>\n<td width=\"85\">25%<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"76\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"134\"><strong>ABOVE 5,00,00,000<\/strong><\/td>\n<td width=\"149\">30% ON EXCESS OF 5,00,00,000 + 1,48,12,500<\/td>\n<td width=\"170\">30% ON EXCESS OF 5,00,00,000 + 1,47,37,500<\/td>\n<td width=\"85\">37%<\/td>\n<td width=\"47\">4%<\/td>\n<td width=\"76\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_TAX_SLAB-AOP_BOI_AJP\"><\/span><span style=\"color: #000080;\"><strong>INCOME TAX SLAB-<\/strong><\/span><strong style=\"color: #000080; font-size: 16px;\">AOP, BOI, AJP<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 1076px;\" width=\"1102\">\n<tbody>\n<tr>\n<td width=\"198\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"132\"><span style=\"color: #000080;\"><strong>TAX RATE<\/strong><\/span><\/td>\n<td width=\"113\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"76\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"107\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>0 \u2013 2,50,000<\/strong><\/td>\n<td width=\"132\">NIL<\/td>\n<td width=\"113\">NIL<\/td>\n<td width=\"76\">NIL<\/td>\n<td width=\"107\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>2,50,001 \u2013 5,00,000<\/strong><\/td>\n<td width=\"132\">5%<\/td>\n<td width=\"113\">NIL<\/td>\n<td width=\"76\">4%<\/td>\n<td width=\"107\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>5,00,001 \u2013 10,00,000<\/strong><\/td>\n<td width=\"132\">20% ON EXCESS OF 5,00,000 + 12,500<\/td>\n<td width=\"113\">NIL<\/td>\n<td width=\"76\">4%<\/td>\n<td width=\"107\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>10,00,001 \u2013 50,00,000<\/strong><\/td>\n<td width=\"132\">30% ON EXCESS OF 10,00,000 + 1,12,500<\/td>\n<td width=\"113\">NIL<\/td>\n<td width=\"76\">4%<\/td>\n<td width=\"107\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>50,00,001 \u2013 1,00,00,000<\/strong><\/td>\n<td width=\"132\">30% ON EXCESS OF 50,00,000 + 13,12,500<\/td>\n<td width=\"113\">10%<\/td>\n<td width=\"76\">4%<\/td>\n<td width=\"107\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>1,00,00,001 \u2013 2,00,00,000<\/strong><\/td>\n<td width=\"132\">30% ON EXCESS OF 1,00,00,000 + 28,12,500<\/td>\n<td width=\"113\">15%<\/td>\n<td width=\"76\">4%<\/td>\n<td width=\"107\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>2,00,00,001 \u2013 5,00,00,000<\/strong><\/td>\n<td width=\"132\">30% ON EXCESS OF 2,00,00,000 + 58,12,500<\/td>\n<td width=\"113\">25%<\/td>\n<td width=\"76\">4%<\/td>\n<td width=\"107\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"198\"><strong>ABOVE 5,00,00,000<\/strong><\/td>\n<td width=\"132\">30% ON EXCESS OF 5,00,00,000 + 1,48,12,500<\/td>\n<td width=\"113\">37%<\/td>\n<td width=\"76\">4%<\/td>\n<td width=\"107\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_TAX_SLAB_PARTNERSHIP_FIRM_LLP_LOCAL_AUTHORITY\"><\/span><strong><span style=\"color: #000080;\">INCOME TAX SLAB <\/span><span style=\"color: #000080;\">PARTNERSHIP FIRM\/ LLP\/ LOCAL AUTHORITY<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 409px;\" width=\"1121\">\n<tbody>\n<tr>\n<td width=\"147\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"230\"><span style=\"color: #000080;\"><strong>TAX RATE<\/strong><\/span><\/td>\n<td width=\"76\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"67\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"111\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"147\"><strong>0 \u2013 1,00,00,000<\/strong><\/td>\n<td width=\"230\">30%<\/td>\n<td width=\"76\">NIL<\/td>\n<td width=\"67\">4%<\/td>\n<td width=\"111\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"147\"><strong>ABOVE 1,00,00,000<\/strong><\/td>\n<td width=\"230\">30% ON EXCESS OF 1,00,00,000 + 30,00,000<\/td>\n<td width=\"76\">12%<\/td>\n<td width=\"67\">4%<\/td>\n<td width=\"111\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"_INCOME_TAX_SLAB_INDIAN_COMPANY_WITH_GROSS_RECEIPTS_MORE_THAN_RS_400_CRORES\"><\/span><strong>\u00a0<\/strong><span style=\"color: #000080;\"><strong>INCOME TAX SLAB <\/strong><\/span><span style=\"color: #000080;\"><strong>INDIAN COMPANY WITH GROSS RECEIPTS MORE THAN RS. 400 CRORES<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 561px;\" width=\"1120\">\n<tbody>\n<tr>\n<td width=\"124\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"239\"><span style=\"color: #000080;\"><strong>TAX RATE<\/strong><\/span><\/td>\n<td width=\"73\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"64\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"91\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"124\"><strong>0 \u2013 1,00,00,000<\/strong><\/td>\n<td width=\"239\">30%<\/td>\n<td width=\"73\">NIL<\/td>\n<td width=\"64\">4%<\/td>\n<td width=\"91\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"124\"><strong>1,00,00,001 \u2013 10,00,00,000<\/strong><\/td>\n<td width=\"239\">30% ON EXCESS OF 1,00,00,000 + 30,00,000<\/td>\n<td width=\"73\">7%<\/td>\n<td width=\"64\">4%<\/td>\n<td width=\"91\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"124\"><strong>ABOVE 10,00,00,000<\/strong><\/td>\n<td width=\"239\">30% ON EXCESS OF 10,00,00,000 + 3,00,00,000<\/td>\n<td width=\"73\">12%<\/td>\n<td width=\"64\">4%<\/td>\n<td width=\"91\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"_INCOME_TAX_SLAB_INDIAN_COMPANY_WITH_GROSS_RECEIPTS_UPTO_RS_400_CRORES\"><\/span><strong>\u00a0<\/strong><span style=\"color: #000080;\"><strong>INCOME TAX SLAB <\/strong><\/span><span style=\"color: #000080;\"><strong>INDIAN COMPANY WITH GROSS RECEIPTS UPTO RS. 400 CRORES<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 530px;\" width=\"1098\">\n<tbody>\n<tr>\n<td width=\"128\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"231\"><span style=\"color: #000080;\"><strong>TAX RATE<\/strong><\/span><\/td>\n<td width=\"66\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"83\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"87\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"128\"><strong>0 \u2013 1,00,00,000<\/strong><\/td>\n<td width=\"231\">25%<\/td>\n<td width=\"66\">NIL<\/td>\n<td width=\"83\">4%<\/td>\n<td width=\"87\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"128\"><strong>1,00,00,001 \u2013 10,00,00,000<\/strong><\/td>\n<td width=\"231\">25% ON EXCESS OF 1,00,00,000 + 25,00,000<\/td>\n<td width=\"66\">7%<\/td>\n<td width=\"83\">4%<\/td>\n<td width=\"87\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"128\"><strong>ABOVE 10,00,00,000<\/strong><\/td>\n<td width=\"231\">25% ON EXCESS OF 10,00,00,000 + 2,50,00,000<\/td>\n<td width=\"66\">12%<\/td>\n<td width=\"83\">4%<\/td>\n<td width=\"87\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_TAX_SLAB_COMPANY_REGISTERED_UNDER_SECTION_115BBA\"><\/span><span style=\"color: #000080;\"><strong>INCOME TAX SLAB <\/strong><\/span><span style=\"color: #000080;\"><strong>COMPANY REGISTERED UNDER SECTION 115BBA<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 363px;\" width=\"1089\">\n<tbody>\n<tr>\n<td width=\"219\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"105\"><span style=\"color: #000080;\"><strong>TAX RATE<\/strong><\/span><\/td>\n<td width=\"132\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"61\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"115\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"219\"><strong>ANY AMOUNT OF INCOME<\/strong><\/td>\n<td width=\"105\">22%<\/td>\n<td width=\"132\">10%<\/td>\n<td width=\"61\">4%<\/td>\n<td width=\"115\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_TAX_SLAB_COMPANY_REGISTERED_UNDER_SECTION_115BAB\"><\/span><strong><span style=\"color: #000080;\">INCOME TAX SLAB <\/span><span style=\"color: #000080;\">COMPANY REGISTERED UNDER SECTION 115BAB<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 321px;\" width=\"1098\">\n<tbody>\n<tr>\n<td width=\"195\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"164\"><span style=\"color: #000080;\"><strong>TAX RATE<\/strong><\/span><\/td>\n<td width=\"111\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"97\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"95\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"195\"><strong>ANY AMOUNT OF INCOME<\/strong><\/td>\n<td width=\"164\">15%<\/td>\n<td width=\"111\">10%<\/td>\n<td width=\"97\">4%<\/td>\n<td width=\"95\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_TAX_SLAB_FOREIGN_COMPANY\"><\/span><span style=\"color: #000080;\"><strong>INCOME TAX SLAB <\/strong><\/span><span style=\"color: #000080;\"><strong>FOREIGN COMPANY<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000080;\"><strong>RECEIVING ROYALTY FOR TECHNICAL FEES FROM INDIAN GOVERNMENT<\/strong><\/span><\/p>\n<table style=\"height: 461px;\" width=\"1074\">\n<tbody>\n<tr>\n<td width=\"144\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"211\"><span style=\"color: #000080;\"><strong>TAX RATE<\/strong><\/span><\/td>\n<td width=\"109\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"93\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"95\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"144\"><strong>0 \u2013 1,00,00,000<\/strong><\/td>\n<td width=\"211\">50%<\/td>\n<td width=\"109\">NIL<\/td>\n<td width=\"93\">4%<\/td>\n<td width=\"95\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"144\"><strong>1,00,00,001 \u2013 10,00,00,000<\/strong><\/td>\n<td width=\"211\">50% ON EXCESS OF 1,00,00,000 + 50,00,000<\/td>\n<td width=\"109\">2%<\/td>\n<td width=\"93\">4%<\/td>\n<td width=\"95\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"144\"><strong>ABOVE 10,00,00,000<\/strong><\/td>\n<td width=\"211\">50% ON EXCESS OF 10,00,00,000 + 5,00,00,000<\/td>\n<td width=\"109\">5%<\/td>\n<td width=\"93\">4%<\/td>\n<td width=\"95\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #000080;\"><strong>RECEIVING ANY OTHER INCOME<\/strong><\/span><\/p>\n<table style=\"height: 462px;\" width=\"1117\">\n<tbody>\n<tr>\n<td width=\"144\"><span style=\"color: #000080;\"><strong>TAXABLE INCOME (RS)<\/strong><\/span><\/td>\n<td width=\"215\"><span style=\"color: #000080;\"><strong>TAX RATE<\/strong><\/span><\/td>\n<td width=\"94\"><span style=\"color: #000080;\"><strong>SURCHARGE<\/strong><\/span><\/td>\n<td width=\"94\"><span style=\"color: #000080;\"><strong>CESS<\/strong><\/span><\/td>\n<td width=\"94\"><span style=\"color: #000080;\"><strong>REBATE UNDER SECTION 87A<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"144\"><strong>0 \u2013 1,00,00,000<\/strong><\/td>\n<td width=\"215\">40%<\/td>\n<td width=\"94\">NIL<\/td>\n<td width=\"94\">4%<\/td>\n<td width=\"94\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"144\"><strong>1,00,00,001 \u2013 10,00,00,000<\/strong><\/td>\n<td width=\"215\">40% ON EXCESS OF 1,00,00,000 + 40,00,000<\/td>\n<td width=\"94\">2%<\/td>\n<td width=\"94\">4%<\/td>\n<td width=\"94\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"144\"><strong>ABOVE 10,00,00,000<\/strong><\/td>\n<td width=\"215\">40% ON EXCESS OF 10,00,00,000 + 4,00,00,000<\/td>\n<td width=\"94\">5%<\/td>\n<td width=\"94\">4%<\/td>\n<td width=\"94\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"INCOME_TAX_SLAB_%E2%80%93CO-OPERATIVE_SOCIETY\"><\/span><span style=\"color: #000080;\"><strong>INCOME TAX SLAB &#8211;<\/strong><\/span><strong style=\"color: #000080; font-size: 16px;\">CO-OPERATIVE SOCIETY<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 674px;\" width=\"1069\">\n<tbody>\n<tr>\n<td width=\"132\"><span style=\"color: #000080;\">TAXABLE INCOME (RS)<\/span><\/td>\n<td width=\"117\"><span style=\"color: #000080;\">OLD TAX REGIME<\/span><\/td>\n<td width=\"152\"><span style=\"color: #000080;\">NEW TAX REGIME<\/span><\/td>\n<td width=\"79\"><span style=\"color: #000080;\">SURCHARGE<\/span><\/td>\n<td width=\"50\"><span style=\"color: #000080;\">CESS<\/span><\/td>\n<td width=\"120\"><span style=\"color: #000080;\">REBATE UNDER SECTION 87A<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"132\">0 \u201310,000<\/td>\n<td width=\"117\">10%<\/td>\n<td width=\"152\">22%<\/td>\n<td width=\"79\">NIL<\/td>\n<td width=\"50\">4%<\/td>\n<td width=\"120\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"132\">10,001 \u2013 20,000<\/td>\n<td width=\"117\">20% ON EXCESS OF 10,000 + 1,000<\/td>\n<td width=\"152\">22% ON EXCESS OF 10,000 + 2,200<\/td>\n<td width=\"79\">NIL<\/td>\n<td width=\"50\">4%<\/td>\n<td width=\"120\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"132\">20,001 \u2013 1,00,00,000<\/td>\n<td width=\"117\">30% ON EXCESS OF 20,000 + 3,000<\/td>\n<td width=\"152\">22% ON EXCESS OF 20,000 + 4,400<\/td>\n<td width=\"79\">NIL<\/td>\n<td width=\"50\">4%<\/td>\n<td width=\"120\">NIL<\/td>\n<\/tr>\n<tr>\n<td width=\"132\">ABOVE 1,00,00,000<\/td>\n<td width=\"117\">30% ON EXCESS OF 1,00,00,000 + 29,97,000<\/td>\n<td width=\"152\">22% ON EXCESS OF 1,00,00,000 + 22,00,000<\/td>\n<td width=\"79\">12%<\/td>\n<td width=\"50\">4%<\/td>\n<td width=\"120\">NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FM_Nirmala_Sitharaman_confirms_no_tax_rate_cuts_for_old_tax_regime\"><\/span><span style=\"color: #000080;\"><strong>FM Nirmala Sitharaman confirms no tax rate cuts for old tax regime<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27688\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/photo_2024-10-20_23-15-01.jpg\" alt=\"In new tax regime, tax rate structure to be revised\" width=\"1080\" height=\"617\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/photo_2024-10-20_23-15-01.jpg 1080w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/photo_2024-10-20_23-15-01-300x171.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/photo_2024-10-20_23-15-01-1024x585.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/photo_2024-10-20_23-15-01-768x439.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/photo_2024-10-20_23-15-01-800x457.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<p>Finance Minister Nirmala Sitharaman has reiterated that there will be no reductions in tax rates under the old tax regime, despite increasing calls from taxpayers. However, the government is not forcing anyone to switch to the new regime, which features lower tax rates and an increased standard deduction of \u20b975,000.<\/p>\n<p>While the Finance Minister acknowledged the desire for similar rate cuts in the old regime, she emphasized that the new regime is meant to be a simpler alternative, with fewer exemptions but lower rates, and is available for taxpayers who prioritize simplicity over deductions.\u00a0The new regime was introduced to simplify direct taxation and make compliance easier. Over 78% of taxpayers have already opted for the new regime, which includes the following tax rates for FY 2025:<\/p>\n<ul>\n<li><strong>Up to \u20b93 lakh<\/strong>: Nil<\/li>\n<li><strong>\u20b93 lakh to \u20b97 lakh<\/strong>: 5% (with a rebate under section 87A for income up to \u20b97 lakh)<\/li>\n<li><strong>\u20b97 lakh to \u20b910 lakh<\/strong>: 10%<\/li>\n<li><strong>\u20b910 lakh to \u20b912 lakh<\/strong>: 15%<\/li>\n<li><strong>\u20b912 lakh to \u20b915 lakh<\/strong>: 20%<\/li>\n<li><strong>Above \u20b915 lakh<\/strong>: 30%<\/li>\n<\/ul>\n<p>By contrast, the old regime, which includes multiple exemptions and deductions, retains higher tax rates:<\/p>\n<p>For individuals below 60 years:<\/p>\n<ul>\n<li><strong>Up to \u20b92.5 lakh<\/strong>: Nil<\/li>\n<li><strong>\u20b92.5 lakh to \u20b95 lakh<\/strong>: 5%<\/li>\n<li><strong>\u20b95 lakh to \u20b910 lakh<\/strong>: 20%<\/li>\n<li><strong>Above \u20b910 lakh<\/strong>: 30%<\/li>\n<\/ul>\n<p>For senior citizens aged 60\u201380:<\/p>\n<ul>\n<li><strong>Up to \u20b93 lakh<\/strong>: Nil<\/li>\n<li><strong>\u20b93 lakh to \u20b96 lakh<\/strong>: 5%<\/li>\n<li><strong>\u20b96 lakh to \u20b99 lakh<\/strong>: 10%<\/li>\n<li><strong>\u20b99 lakh to \u20b912 lakh<\/strong>: 15%<\/li>\n<li><strong>\u20b912 lakh to \u20b915 lakh<\/strong>: 20%<\/li>\n<li><strong>Above \u20b915 lakh<\/strong>: 30%<\/li>\n<\/ul>\n<p>For super senior citizens (above 80 years):<\/p>\n<ul>\n<li><strong>Up to \u20b95 lakh<\/strong>: Nil<\/li>\n<li><strong>\u20b95 lakh to \u20b910 lakh<\/strong>: 20%<\/li>\n<li><strong>Above \u20b910 lakh<\/strong>: 30%<\/li>\n<\/ul>\n<p>Read our articles:<\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/how-to-file-tds-return-online\/\">How to file a return of TDS online<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/new-tds-deduction-provision-prevent-cash-transactions-of-more-than-1-crore-section-194n.html\">New TDS deduction No cash transactions exceeding 1 Crore -Section 194N<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/nsdl-extension-of-qtr-tdstcs-statement-filing-dates-for-4-quarter-of-fy-201920-until-30-june.html\">Extension of TDS\/TCS statement filing Date<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>All the Important Due Dates and Limits applicable FY 2023 Income Tax Slab for Assessment Year 2021-22 As we already know, in India there is a progressive rate of tax, meaning that persons with higher income, are taxed at higher rate. The main motive behind such a taxation system is to have equal distribution of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[9923],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/12541"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=12541"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/12541\/revisions"}],"predecessor-version":[{"id":27689,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/12541\/revisions\/27689"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=12541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=12541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=12541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}