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Tax rates under Part I of the First Schedule applicable for the assessment year 2025-26 |
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Union Budget 2025-26 (Full) + Finance Bill, 2025 Tax rates under Part I of the First Schedule applicable for the assessment year 2025-26 A. Individual, HUF, association of persons, body of individuals, artificial juridical person. Paragraph A of Part-I of First Schedule to the Bill provides following rates of income-tax:— (i) The rates of income-tax in the case of every individual (other than those mentioned in (ii) and (iii) below) or HUF or every association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Act (not being a case to which any other Paragraph of Part I applies) are as under:—
(ii) In the case of every individual, being a resident in India, who is of the age of sixty years or more but less than eighty years at any time during the previous year,—
(iii) in the case of every individual, being a resident in India, who is of the age of eighty years or more at any time during the previous year,—
These rates are the same as those applicable for the assessment year 2024-25.
Full Text: Union Budget 2025-26 (Full) + Finance Bill, 2025
Dated: 1-2-2025 Submit your Comments
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