SLAB RATES OTHER THAN INDIVIDUALS
SLAB RATES OTHER THAN INDIVIDUALS
INCOME TAX SLABS – OTHER THAN INDIVIDUALS A.Y.(2025-26)
- What are the types of assesse other than Individuals?
The following are the types of assesse other than Individuals: -
- Hindu Undivided Family (HUF).
- Partnership Firm.
- Company.
- Association of Persons (AOP) or Body of Individuals (BOI).
- Local Authority.
- Artificial Juridicial Body (not covered under any of the above – mentioned categories).
- Slab rate for HUF under old and new scheme?
Slab rate for HUF under old scheme is as follows: -
|
Annual Taxable Income |
Tax Rate |
|
Upto Rs. 2,50,000 |
Nil |
|
Rs. 2,50,000 to Rs. 5,00,000 |
5% |
|
Rs. 5,00,000 to Rs. 10,00,000 |
10% |
|
Above Rs. 10,00,000 |
30% |
Slab rate for HUF under new scheme is as follows: -
|
Annual Taxable Income |
Tax Rate |
|
Upto Rs. 3,00,000 |
Nil |
|
Rs. 3,00,000 – Rs. 7,00,000 |
5% |
|
Rs. 7,00,000 – Rs. 10,00,000 |
10% |
|
Rs. 10,00,000 – Rs. 12,00,000 |
15% |
|
Rs. 12,00,000 – Rs. 15,00,000 |
20% |
|
Above Rs. 15,00,000 |
30% |
Surcharge for HUF
|
Net Taxable Income |
Surcharge under new scheme |
Surcharge under old scheme |
|
Less than Rs. 50,00,000 |
Nil |
Nil |
|
More than Rs. 50,00,000 less than Rs. 1,00,00,000 |
10% |
10% |
|
More than Rs 1 crore less than Rs. 2 crores |
15% |
15% |
|
More than Rs. 2 crores less than Rs. 5 crores |
25% |
25% |
|
More than Rs. 5 crores. |
25% |
37% |
In addition to tax and surcharges CESS of 4% is applied to HUF.
For Dividends and Capital Gain taxable under 111A, 112A and 115D highest rate of surcharge will be 15%.
- Slab rates for Companies?
Tax slab for domestic company is as follows: -
|
Condition |
Slab Rate |
|
Total turnover or gross receipts during the previous year 2020-21 does not exceeds Rs. 400 crores |
25% |
|
If opted for Section 115BAA |
22% |
|
If opted for Section 115BAB |
15% |
|
Any other company |
30% |
Surcharge: -
In case company is opting for Section 115BAA & 115BAB the surcharge will be 10% irrespective of the income.
In any other cases Surcharge will be as follows: -
|
Company Income |
Rate |
|
If income is more than Rs. 1 crore and less than Rs. 10 crores |
7% |
|
If income is more than Rs. 10 crores |
12% |
In addition to this CESS will be applicable @ 4%.
Tax slab for foreign companies: -
|
Nature of Income |
Tax Rate |
|
Royalty received or fees for technical services from government or any Indian concern under an agreement made before April 1, 1976, and approved by central government |
50% |
|
Any other income earned |
35% |
Surcharge: -
|
Company Income |
Rate |
|
If income is more than Rs. 1 crore and less than Rs. 10 crores |
2% |
|
If income is more than Rs. 10 crores |
5% |
In addition to this CESS will be applicable @ 4%.
- Slab rate in case of Partnership Firms, LLP & Local Authority?
Tax rate will be flat 30% on income except special rate incomes.
Surcharge: -
Surcharge @ 12% if total income is more than Rs. 1 crore.
In addition to this CESS will be applicable @ 4%.
- Slab Rate for Association of Persons?
Slab rate under old scheme for AOP: -
|
Annual Taxable Income |
Tax Rate |
|
Upto Rs. 2,50,000 |
Nil |
|
Rs. 2,50,000 to Rs. 5,00,000 |
5% |
|
Rs. 5,00,000 to Rs. 10,00,000 |
10% |
|
Above Rs. 10,00,000 |
30% |
Slab rate for AOP under new scheme is as follows: -
|
Annual Taxable Income |
Tax Rate |
|
Upto Rs. 3,00,000 |
Nil |
|
Rs. 3,00,000 – Rs. 7,00,000 |
5% |
|
Rs. 7,00,000 – Rs. 10,00,000 |
10% |
|
Rs. 10,00,000 – Rs. 12,00,000 |
15% |
|
Rs. 12,00,000 – Rs. 15,00,000 |
20% |
|
Above Rs. 15,00,000 |
30% |
Surcharge
|
Annual Taxable Income |
Surcharge under new scheme |
Surcharge under old scheme |
|
Less than Rs. 50,00,000 |
Nil |
Nil |
|
More than Rs. 50,00,000 less than Rs. 1,00,00,000 |
10% |
10% |
|
More than Rs 1 crore less than Rs. 2 crores |
15% |
15% |
|
More than Rs. 2 crores less than Rs. 5 crores |
25% |
25% |
|
More than Rs. 5 crores. |
25% |
37% |
In addition to tax and surcharges CESS of 4% is applied.
For Dividends and Capital Gain taxable under 111A, 112A and 115D highest rate of surcharge will be 15%.
- Slab rate for Co. operative society?
Slab for Co. operative society is as follows: -
|
Annual Taxable Income |
Rate |
|
Upto Rs. 10,000 |
10% |
|
Above Rs. 10,000 – Rs. 20,000 |
20% |
|
Above Rs. 20,000 |
30% |
Surcharge: -
|
Annual Taxable Income |
Rate |
|
If income is more than Rs. 1 crore and less than Rs. 10 crores |
7% |
|
If income is more than Rs. 10 crores |
12% |
In addition to this CESS will be applicable @ 4%.
- Slab Rate for Body of Individuals?
Slab rate for BOI under old scheme is as follows: -
|
Annual Taxable Income |
Tax Rate |
|
Upto Rs. 2,50,000 |
Nil |
|
Rs. 2,50,000 to Rs. 5,00,000 |
5% |
|
Rs. 5,00,000 to Rs. 10,00,000 |
10% |
|
Above Rs. 10,00,000 |
30% |
Slab rate for BOI under new scheme is as follows: -
|
Annual Taxable Income |
Tax Rate |
|
Upto Rs. 3,00,000 |
Nil |
|
Rs. 3,00,000 – Rs. 7,00,000 |
5% |
|
Rs. 7,00,000 – Rs. 10,00,000 |
10% |
|
Rs. 10,00,000 – Rs. 12,00,000 |
15% |
|
Rs. 12,00,000 – Rs. 15,00,000 |
20% |
|
Above Rs. 15,00,000 |
30% |
Surcharge
|
Annual Taxable Income |
Surcharge under new scheme |
Surcharge under old scheme |
|
Less than Rs. 50,00,000 |
Nil |
Nil |
|
More than Rs. 50,00,000 less than Rs. 1,00,00,000 |
10% |
10% |
|
More than Rs 1 crore less than Rs. 2 crores |
15% |
15% |
|
More than Rs. 2 crores less than Rs. 5 crores |
25% |
25% |
|
More than Rs. 5 crores. |
25% |
37% |
In addition to tax and surcharges CESS of 4% is applied.
For Dividends and Capital Gain taxable under 111A, 112A and 115D highest rate of surcharge will be 15%.
- Slab Rate for Artificial Juridical Person?
Slab rate for AJP under old scheme is as follows: -
|
Annual Taxable Income |
Tax Rate |
|
Upto Rs. 2,50,000 |
Nil |
|
Rs. 2,50,000 to Rs. 5,00,000 |
5% |
|
Rs. 5,00,000 to Rs. 10,00,000 |
10% |
|
Above Rs. 10,00,000 |
30% |
Slab rate for AJP under new scheme is as follows: -
|
Annual Taxable Income |
Tax Rate |
|
Upto Rs. 3,00,000 |
Nil |
|
Rs. 3,00,000 – Rs. 7,00,000 |
5% |
|
Rs. 7,00,000 – Rs. 10,00,000 |
10% |
|
Rs. 10,00,000 – Rs. 12,00,000 |
15% |
|
Rs. 12,00,000 – Rs. 15,00,000 |
20% |
|
Above Rs. 15,00,000 |
30% |
Surcharge
|
Annual Taxable Income |
Surcharge under new scheme |
Surcharge under old scheme |
|
Less than Rs. 50,00,000 |
Nil |
Nil |
|
More than Rs. 50,00,000 less than Rs. 1,00,00,000 |
10% |
10% |
|
More than Rs 1 crore less than Rs. 2 crores |
15% |
15% |
|
More than Rs. 2 crores less than Rs. 5 crores |
25% |
25% |
|
More than Rs. 5 crores. |
25% |
37% |
In addition to tax and surcharges CESS of 4% is applied.
For Dividends and Capital Gain taxable under 111A, 112A and 115D highest rate of surcharge will be 15%.
