1. Individuals & HUFs

Old Regime:
– Up to ₹2.5 L: Nil
– ₹2.5 L–₹5 L: 5%
– ₹5 L–₹10 L: 20%
– Above ₹10 L: 30%
(Senior Citizens: Basic Exemption ₹3 L, Super Senior: ₹5 L)

New Regime (Sec 115BAC):
– Up to ₹3 L: Nil
– ₹3 L–₹6 L: 5%
– ₹6 L–₹9 L: 10%
– ₹9 L–₹12 L: 15%
– ₹12 L–₹15 L: 20%
– Above ₹15 L: 30%

Standard Deduction: ₹75,000 | Rebate u/s 87A: Up to ₹7 L income

2. Partnership Firms & LLPs

– Flat Tax Rate: 30%
– Surcharge: 12% if income > ₹1 Cr
– Health & Education Cess: 4% on tax + surcharge

3. Companies

Domestic Companies:
– Standard Rate: 30% | If Turnover < ₹400 Cr: 25%
– 22% u/s 115BAA (no deductions) | 15% u/s 115BAB (new mfg. co.)
– Surcharge: 7% (₹1–10 Cr), 12% (> ₹10 Cr), 10% flat for special regimes

Foreign Companies:
– Normal: 40%
– Royalties/FTS: 50%
– Surcharge: 2% (₹1–10 Cr), 5% (> ₹10 Cr)
– Cess: 4%

4. AOP / BOI / AJP

– Taxed like individuals under old regime
– Can opt for new regime (115BAC)
– Surcharge as per individual slabs

5. Co-operative Societies

Old Regime:
– Up to ₹10,000: 10%
– ₹10,001–20,000: 20%
– Above ₹20,000: 30%

New Regimes:
– 22% u/s 115BAD | 15% u/s 115BAE
– Surcharge: 10% | Cess: 4%

6. Surcharge & Cess Summary

Individuals, HUF, AOP, BOI:
– ₹50L–₹1Cr: 10%,

₹1–2Cr: 15%,

₹2–5Cr: 25%,

>₹5Cr: 37%

(New Regime capped at 25%)

Partnerships: 12% > ₹1Cr
Domestic Companies: 7% (₹1–10 Cr), 12% (> ₹10 Cr), 10% under special regimes
Foreign Companies: 2% / 5%
Co-ops: 10% surcharge

Cess for all: 4% on total tax + surcharge