Income Tax Rate 2025 Individual. ( a ) surcharge : (h) has any brought forward loss or loss to be carried forward under any head of income (i) has total income exceeding rs.

Income tax slabs budget 2025 tax changes live updates: Chargeable income in excess of $500,000 up to $1 million will be taxed at 23%, while that in excess of $1 million will be taxed at 24%;