Home / Knowledge Base / Income Tax Rates
Tax rates applicable for Individual, HUF, Partnership Firm, and Domestic Companies under New vs Old Tax Regime.
| Total Income Slab (₹) | Tax Rate | Remarks & Rebate u/s 87A |
|---|---|---|
| Up to ₹ 3,00,000 | NIL | Exemption Limit |
| ₹ 3,00,001 to ₹ 6,00,000 | 5% | Rebate available up to ₹ 7 Lakhs net taxable income |
| ₹ 6,00,001 to ₹ 9,00,000 | 10% | Standard Deduction ₹ 75,000 applicable |
| ₹ 9,00,001 to ₹ 12,00,000 | 15% | Surcharge extra if income > ₹ 50 Lakhs |
| ₹ 12,00,001 to ₹ 15,00,000 | 20% | Health & Education Cess @ 4% extra |
| Above ₹ 15,00,000 | 30% | Maximum marginal rate |