As per the latest income tax regulations for the year 2025-2026, the following slabs and income tax rates will be applicable for salaried persons:
- Where taxable salary income does not exceed Rs. 600,000, rate of income tax is 0%.
- Where taxable salary income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000, rate is 1% of amount exceeding Rs. 600,000.
- Where taxable salary income exceeds Rs. 1,200,000 but does not exceed Rs. 2,200,000, rate is Rs. 6,000 + 11% of amount exceeding Rs. 1,200,000.
- Where taxable salary income exceeds Rs. 2,200,000 but does not exceed Rs. 3,200,000, rate is Rs. 116,000 + 23% of amount exceeding Rs. 2,200,000.
- Where taxable salary income exceeds Rs. 3,200,000 but does not exceed Rs. 4,100,000, rate is Rs. 346,000 + 30% of amount exceeding Rs. 3,200,000.
- Where taxable salary income exceeds Rs. 4,100,000, rate is Rs. 616,000 + 35% of amount exceeding Rs. 4,100,000.
- Surcharge of 9% payable where taxable income exceeds 10 million Rupees.