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Tax Information
Every year with Government budget, the most common expectation an Indian citizen has is of ‘change for better’ in the Income tax slab. So to plan your investment strategy and understand how much tax liability you will incur this year let’s have a look at the tax structure for different categories. These categories are created by the Government of India for taxation purposes, and they are based on Gender and Age.
  • 2025-26
  • 2024-25
  • 2023-24
Tax rates for Individual (resident or non-resident) less than 60 years
Old Tax Regime New Tax Regime u/s 115BAC
Income Tax Slab Income Tax Rate *Surcharge Income Tax Slab Income Tax Rate *Surcharge
Up to ₹ 2,50,000 Nil Nil Up to ₹ 3,00,000 Nil Nil
₹ 2,50,001 - ₹ 5,00,000** 5% above ₹ 2,50,000 Nil ₹ 3,00,001 - ₹ 7,00,000** 5% above ₹ 3,00,000 Nil
₹ 5,00,001 - ₹ 10,00,000 ₹ 12,500 + 20% above ₹ 5,00,000 Nil ₹ 7,00,001 - ₹ 10,00,000 ₹ 20,000 + 10% above ₹ 7,00,000 Nil
₹ 10,00,001 - ₹ 50,00,000 ₹ 1,12,500 + 30% above ₹ 10,00,000 Nil ₹ 10,00,001 - ₹ 12,00,000 ₹ 50,000 + 15% above ₹ 10,00,000 Nil
₹ 50,00,001 - ₹ 100,00,000 ₹ 1,12,500 + 30% above ₹ 10,00,000 10% ₹ 12,00,001 - ₹ 15,00,000 ₹ 80,000 + 20% above ₹ 12,00,000 Nil
₹ 100,00,001 - ₹ 200,00,000 ₹ 1,12,500 + 30% above ₹ 10,00,000 15% ₹ 15,00,001 - ₹ 50,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 Nil
₹ 200,00,001 - ₹ 500,00,000 ₹ 1,12,500 + 30% above ₹ 10,00,000 25% ₹ 50,00,001 - ₹ 100,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 10%
Above ₹ 500,00,000 ₹ 1,12,500 + 30% above ₹ 10,00,000 37% ₹ 100,00,001 - ₹ 200,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 15%
Above ₹ 200,00,001 ₹ 1,40,000 + 30% above ₹ 15,00,000 25%
Tax rates for Individual (resident or non-resident) 60 years or more but less than 80 years
Old Tax Regime Default Tax Regime u/s 115BAC(1A)
Income Tax Slab Income Tax Rate *Surcharge Income Tax Slab Income Tax Rate *Surcharge
Up to ₹ 3,00,000 Nil Nil Up to ₹ 3,00,000 Nil Nil
₹ 3,00,001 - ₹ 5,00,000** 5% above ₹ 3,00,000 Nil ₹ 3,00,001 - ₹ 7,00,000** 5% above ₹ 3,00,000 Nil
₹ 5,00,001 - ₹ 10,00,000 ₹ 10,000 + 20% above ₹ 5,00,000 Nil ₹ 7,00,001 - ₹ 10,00,000 ₹ 20,000 + 10% above ₹ 7,00,000 Nil
₹ 10,00,001 - ₹ 50,00,000 ₹ 1,10,000 + 30% above ₹ 10,00,000 Nil ₹ 10,00,001 - ₹ 12,00,000 ₹ 50,000 + 15% above ₹ 10,00,000 Nil
₹ 50,00,001 - ₹ 100,00,000 ₹ 1,10,000 + 30% above ₹ 10,00,000 10% ₹ 12,00,001 - ₹ 15,00,000 ₹ 80,000 + 20% above ₹ 12,00,000 Nil
₹ 100,00,001 - ₹ 200,00,000 ₹ 1,10,000 + 30% above ₹ 10,00,000 15% ₹ 15,00,001 - ₹ 50,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 Nil
₹ 200,00,001 - ₹ 500,00,000 ₹ 1,10,000 + 30% above ₹ 10,00,000 25% ₹ 50,00,001 - ₹ 100,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 10%
Above ₹ 500,00,000 ₹ 1,10,000 + 30% above ₹ 10,00,000 37% ₹ 100,00,001 - ₹ 200,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 15%
Above ₹ 200,00,001 ₹ 1,40,000 + 30% above ₹ 15,00,000 25%
Tax rates for Individual (resident or non-resident) 80 years or more
Old Tax Regime New Tax Regime u/s 115BAC(1A)
Income Tax Slab Income Tax Rate *Surcharge Income Tax Slab Income Tax Rate *Surcharge
Up to ₹ 5,00,000 Nil Nil Up to ₹ 3,00,000 Nil Nil
₹ 5,00,001 - ₹ 10,00,000 20% above ₹ 5,00,000 Nil ₹ 3,00,001 - ₹ 7,00,000** 5% above ₹ 3,00,000 Nil
₹ 10,00,001 - ₹ 50,00,000 ₹ 1,00,000 + 30% above ₹ 10,00,000 Nil ₹ 7,00,001 - ₹ 10,00,000 ₹ 20,000 + 10% above ₹ 7,00,000 Nil
₹ 50,00,001 - ₹ 100,00,000 ₹ 1,00,000 + 30% above ₹ 10,00,000 10% ₹ 10,00,001 - ₹ 12,00,000 ₹ 50,000 + 15% above ₹ 10,00,000 Nil
₹ 100,00,001 - ₹ 200,00,000 ₹ 1,00,000 + 30% above ₹ 10,00,000 15% ₹ 12,00,001 - ₹ 15,00,000 ₹ 80,000 + 20% above ₹ 12,00,000 Nil
₹ 200,00,001 - ₹ 500,00,000 ₹ 1,00,000 + 30% above ₹ 10,00,000 25% ₹ 15,00,001 - ₹ 50,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 Nil
Above ₹ 500,00,000 ₹ 1,00,000 + 30% above ₹ 10,00,000 37% ₹ 50,00,001 - ₹ 100,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 10%
₹ 100,00,001 - ₹ 200,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 15%
Above ₹ 200,00,001 ₹ 1,40,000 + 30% above ₹ 15,00,000 25%
Tax rates for Individual (resident or non-resident) less than 60 years of age anytime during the previous year are as under:

Old Tax Regime

New Tax Regime u/s 115BAC

Income Tax Slab

Income Tax Rate

Income Tax Slab

Income Tax Rate

Up to ₹ 2,50,000    

Nil

Up to ₹ 3,00,000

Nil

₹ 2,50,001 - ₹ 5,00,000    

5% above ₹ 2,50,000

₹ 3,00,001 - ₹ 6,00,000

5% above ₹ 3,00,000

₹ 5,00,001 - ₹ 10,00,000

₹ 12,500 + 20% above ₹ 5,00,000

₹ 6,00,001 - ₹ 9,00,000

₹ 15,000 + 10% above ₹ 6,00,000

Above ₹ 10,00,000 

₹ 1,12,500 + 30% above ₹ 10,00,000

₹ 9,00,001 - ₹ 12,00,000

₹ 45,000 + 15% above ₹ 9,00,000

 

 

₹ 12,00,001 - ₹ 15,00,000

₹ 90,000 + 20% above ₹ 12,00,000

 

 

Above ₹ 15,00,000

₹ 1,50,000 + 30% above ₹ 15,00,000

Tax rates for Individual (resident or non-resident), 60 years or more but less than 80 years of age anytime during the previous year are as under:

Old Tax Regime

New Tax Regime u/s 115BAC

Income Tax Slab

Income Tax Rate

Income Tax Slab

Income Tax Rate

Up to ₹ 3,00,000

Nil

Up to ₹ 3,00,000

Nil

₹ 3,00,001 - ₹ 5,00,000

5% above ₹ 3,00,000

₹ 3,00,001 - ₹ 6,00,000

5% above ₹ 3,00,000

₹ 5,00,001 - ₹ 10,00,000

₹ 10,000 + 20% above ₹ 5,00,000

₹ 6,00,001 - ₹ 9,00,000

₹ 15,000 + 10% above ₹ 6,00,000

Above ₹ 10,00,000

₹ 1,10,000 + 30% above ₹ 10,00,000

₹ 9,00,001 - ₹ 12,00,000

₹ 45,000 + 15% above ₹ 9,00,000

 

 

₹ 12,00,001 - ₹ 15,00,000

₹ 90,000 + 20% above ₹ 12,00,000

Tax rates for Individual (resident or non-resident) 80 years of age or more anytime during the previous year are as under:

Old Tax Regime

New Tax Regime u/s 115BAC

Income Tax Slab

Income Tax Rate

Income Tax Slab

Income Tax Rate

Up to ₹ 5,00,000  

Nil

Up to ₹ 3,00,000

Nil

₹ 5,00,001 - ₹ 10,00,000

20% above ₹ 5,00,000

₹ 3,00,001 - ₹ 6,00,000

5% above ₹ 3,00,000

Above ₹ 10,00,000 

₹ 1,00,000 + 30% above ₹ 10,00,000

₹ 6,00,001 - ₹ 9,00,000

₹ 15,000 + 10% above ₹ 6,00,000

 

 

₹ 9,00,001 - ₹ 12,00,000

₹ 45,000 + 15% above ₹ 9,00,000

 

 

₹ 12,00,001 - ₹ 15,00,000

₹ 90,000 + 20% above ₹ 12,00,000

 

 

Above ₹ 15,00,000

₹ 1,50,000 + 30% above ₹ 15,00,000

Income Tax Slab Rates For FY 2023-24/AY 2024-25
Old Regime
Slabs Individuals (Age <60 Years) Resident Senior Citizens (>60 but <80 Years) Resident Super Senior Citizens (80 Years and above)
Up to Rs. 2,50,000 Nill Nill Nill
Rs 2,50,001 to Rs 3,00,000 5% Nill Nill
Rs 3,00,001 to Rs 5,00,000 5% 5% Nill
Rs 5,00,001 to Rs 10,00,000 20% 20% 20%
Above Rs 10,00,000 30% 30% 30%
New Regime
Slabs Income Tax Rates
Up to Rs 3,00,000 Nill
Rs 3,00,001 to Rs 6,00,000 5% (Tax Rebate u/s 87A)
Rs 6,00,001 to Rs 9,00,000 10% (Tax Rebate u/s 87A up to Rs 7 Lakh
Rs 9,00,000 to Rs 12,00,000 15%
Rs 12,00,001 to Rs 1500,000 20%
Above Rs 15,00,000 30%