Income tax slabs — new regime, FY 2025-26
| 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% |
Income tax slabs — old regime, below 60
| 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 |
Standard deduction, rebate & cess
| 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 |
Surcharge on income tax — individuals
| 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 |
TDS rates for resident payees — Income-tax Act, 2025
| Section (2025) | Was | Nature of payment | Individual / HUF | Others | Threshold |
|---|
| 392 | 192 | Salary | Average rate applicable to the employee | Basic exemption limit |
| 392 | 192A | Premature EPF withdrawal | 10% | 10% | ₹50,000 |
| 393(1) | 194A | Interest other than on securities | 10% | 10% | ₹50,000 bank / ₹10,000 other |
| 393(1) | 194C | Contractor or sub-contractor | 1% | 2% | ₹30,000 single / ₹1,00,000 annual |
| 393(1) | 194H | Commission or brokerage | 2% | 2% | ₹20,000 |
| 393(1) | 194I(a) | Rent — plant & machinery | 2% | 2% | ₹50,000 per month |
| 393(1) | 194I(b) | Rent — land & building | 10% | 10% | ₹50,000 per month |
| 393(1) | 194J(a) | Technical services | 2% | 2% | ₹50,000 |
| 393(1) | 194J(b) | Professional services | 10% | 10% | ₹50,000 |
| 393(1) | 194Q | Purchase of goods | 0.1% | 0.1% | ₹50 lakh per seller |
| 394 | 206C(1H) | TCS on sale of goods | 0.1% | 0.1% | ₹50 lakh per buyer |
| 393(2) | 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% — the provision formerly at section 206AA. Several entries carry specific exceptions; confirm before applying.
Reading this table under the new Act. From 1 April 2026 the Income-tax Act, 2025 consolidates TDS into section 392 (salary), section 393 (all other payments) and section 394 (TCS). Rates and thresholds carried over unchanged; the old section is shown so you can find the row you are looking for. Payments where the earlier of credit or payment fell on or before 31 March 2026 remain governed by the Act of 1961.
Returns and challans now identify the payment by a four-digit code against the parent section. Codes are not reproduced here — confirm the correct one on the e-Pay Tax portal before generating a challan, as a wrong code renders the return defective.
GST rate slabs
| 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 |
Depreciation — Income-tax Act (WDV)
| 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% |
Cost inflation index
| 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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