News Updates
| Tax Rates for Other Entities | |
| Other Entities | AY 2023-24 |
| Firms | 30% |
| Local Authority | 30% |
| Tax Rates for Co-operative Society | |
| Co-operative Society Opting for Sec 115BAD | AY 2023-24 |
| Co-operative Society Opting for Sec 115BAD | 22% |
| Other Co-operative Society | |
| Upto Rs. 10,000 | 10% |
| Rs. 10,000 to Rs. 20,000 | 20% |
| Above Rs. 20,000 | 30% |
| Tax Rates for Company | |
| Domestic Company opting for Section 115BAB | AY 2023-24 |
| Income from manufacture or production of article or thing | 15% |
| Income from non-manufacturing activities (if no specific rate is prescribed | 22% |
| Short term capital gains (from transfer of depreciable assets) | 15% |
| Short term capital gains (from transfer of non-depreciable assets) | 22% |
| Excess profit added by the Assessing officer under section 115BAB(6) owning to close connection between company and other person | 30% |
| Special income under Chapter XII | As prescribed |
| Other Domestic Company | AY 2023-24 |
| Total turnover or gross receipt during the previous year 2020-21 does not exceed Rs. 400 crore | 25% |
| Company opted for Section 115BA | 25% |
| Company opted for Section 115BAA | 22% |
| Any other domestic company | 30% |
| Foreign Company | |
| Foreign Company | 40% |
| Tax Rates for AOP/BOI | |
| Income Slab | HUF/ Individuals |
| Upto Rs 2,50,000 | Nil |
| Rs. 2,50,001 to Rs. 5,00,000 | 5% |
| Rs. 5,00,001 to Rs. 10,00,000 | 20% |
| Rs. 10,00,001 and above | 30% |
| Income tax Slab rates for FY 2022-23 / AY 2023-24 | |||
| National Tax Regime | |||
| Income Slab | HUF/ Individuals (Aged below 60 Yrs) |
Senior Citizens (Aged 60 Yrs and above but below 80 Yrs) |
Super Senior Citizens (Aged 80 Yrs and above) |
| Upto Rs 2,50,000 | Nil | Nil | Nil |
| Rs. 2,50,001 to Rs. 3,00,000 | 5% | Nil | Nil |
| Rs. 3,00,001 to Rs. 5,00,000 | 5% | 5% | Nil |
| Rs. 5,00,001 to Rs. 10,00,000 | 20% | 20% | 20% |
| Rs. 10,00,001 and above | 30% | 30% | 30% |
| Alternate Tax Regime (Sec 115BAC) | |||
| Income Slab | HUF/ Individuals | ||
| Upto Rs 2,50,000 | Nil | ||
| Rs. 2,50,001 to Rs. 5,00,000 | 5% (with maximum Tax rebate of Rs. 12,500 u/s 87A | ||
| Rs. 5,00,001 to Rs. 7,50,000 | 10% | ||
| Rs. 7,50,001 to Rs. 10,00,000 | 15% | ||
| Rs. 10,00,001 to Rs. 12,50,000 | 20% | ||
| Rs. 12,50,001 to Rs. 15,00,000 | 25% | ||
| Rs. 15,00,001 and above | 30% | ||