Rates & utilities.
The reference tables we reach for most often, kept in one place instead of scattered across PDFs. Figures are stated for FY 2025-26 unless noted — confirm the current position before relying on them.
| Total income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
| Total income | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
| Senior citizen (60–79) exemption limit | ₹3,00,000 |
| Very senior citizen (80+) exemption limit | ₹5,00,000 |
| Rebate under section 87A | Up to ₹12,500 where income ≤ ₹5,00,000 |
| Item | New regime | Old regime |
|---|---|---|
| Standard deduction (salary) | ₹75,000 | ₹50,000 |
| Rebate u/s 87A — income limit | ₹12,00,000 | ₹5,00,000 |
| Rebate u/s 87A — maximum | ₹60,000 | ₹12,500 |
| Health & education cess | 4% | 4% |
| Chapter VI-A deductions | Largely unavailable | Available |
| Total income | Rate |
|---|---|
| Above ₹50 lakh up to ₹1 crore | 10% |
| Above ₹1 crore up to ₹2 crore | 15% |
| Above ₹2 crore up to ₹5 crore | 25% |
| Above ₹5 crore | 37% old regime · capped at 25% under the new regime |
| Marginal relief | Available where surcharge exceeds the incremental income |
| Section | Nature of payment | Individual / HUF | Others | Threshold |
|---|---|---|---|---|
| 192 | Salary | Average rate applicable to the employee | Basic exemption limit | |
| 192A | Premature EPF withdrawal | 10% | 10% | ₹50,000 |
| 194A | Interest other than on securities | 10% | 10% | ₹50,000 bank / ₹10,000 other |
| 194C | Contractor or sub-contractor | 1% | 2% | ₹30,000 single / ₹1,00,000 annual |
| 194H | Commission or brokerage | 2% | 2% | ₹20,000 |
| 194I(a) | Rent — plant & machinery | 2% | 2% | ₹50,000 per month |
| 194I(b) | Rent — land & building | 10% | 10% | ₹50,000 per month |
| 194J(a) | Technical services | 2% | 2% | ₹50,000 |
| 194J(b) | Professional services | 10% | 10% | ₹50,000 |
| 194Q | Purchase of goods | 0.1% | 0.1% | ₹50 lakh per seller |
| 206C(1H) | TCS on sale of goods | 0.1% | 0.1% | ₹50 lakh per buyer |
| 195 | Payments to non-residents | As per Act read with the applicable treaty | No threshold | |
Where PAN is not furnished or is inoperative, tax is generally deducted at the higher of the normal rate or 20%. Several sections carry specific exceptions — confirm before applying.
| Slab | Typical coverage |
|---|---|
| Nil | Unbranded food grains, fresh produce, specified services |
| 0.25% | Rough diamonds and precious stones |
| 3% | Gold, silver and jewellery |
| 5% | Essential goods, transport, small restaurants |
| 12% | Processed food, business services, specified goods |
| 18% | Standard rate — most goods and services |
| 28% | Luxury and demerit goods, with cess where applicable |
| Block of asset | Rate |
|---|---|
| Buildings — residential | 5% |
| Buildings — other than residential | 10% |
| Furniture and fittings | 10% |
| Plant and machinery — general | 15% |
| Motor vehicles — general | 15% |
| Computers and software | 40% |
| Intangible assets | 25% |
| Financial year | Index | Financial year | Index |
|---|---|---|---|
| 2018-19 | 280 | 2022-23 | 331 |
| 2019-20 | 289 | 2023-24 | 348 |
| 2020-21 | 301 | 2024-25 | 363 |
| 2021-22 | 317 | 2025-26 | 376 |
Indexation benefit on long-term capital gains was restricted for transfers on or after 23 July 2024, with a limited option for certain immovable property acquired before that date. Ask us before computing a property gain.
Verify before you rely. Rates, thresholds and their exceptions change with every Finance Act, notification and circular. These tables are maintained for quick reference only and are not a substitute for advice on a specific transaction.
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