SUPPLEMENT TO

Swamy’s
INCOME TAX ON SALARIES

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2024-2025

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Cat. No. G-7 - (Fifty-sixth Edition)

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1. Page 11, Taxable Income.—

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In the list of deductions permissible add the following below (a).—

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Standard Deduction ₹ 75,000 where Income Tax is computed under Clause (ii)

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of sub-section (1-A) of Section 115-BAC.
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2. Page 15, Income Tax rates, substitute the following.—
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‘For any previous year relevant to the assessment year beginning on or after the
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1st day of April, 2025, shall be computed at the rate of tax given in the following Table,
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namely:—
TABLE
Sl. No. Total income Rate of tax
(1) (2) (3)
1. Up to ₹ 3,00,000 Nil
2. From ₹ 3,00,001 to ₹ 7,00,000 5 per cent
3. From ₹ 7,00,001 to ₹ 10,00,000 10 per cent
4. From ₹ 10,00,001 to ₹ 12,00,000 15 per cent
5. From ₹ 12,00,001 to ₹ 15,00,000 20 per cent
6. Above ₹ 15,00,000 30 per cent
3. Page 19.—
In Para. II. Deductions admissible under existing rates, add the following
below 1-A.—
Standard Deduction ₹ 75,000 where Income Tax is computed under Clause (ii) of
sub-section (1-A) of Section 115-BAC.

4. Page 21.—
For Sl. No. 13 for the words ‘The National Sports Fund’, the words ‘The National
Sports Development Fund’ may be substituted.
5. Page 50.—
In Section 36, the words ‘ten per cent’ may be substituted with the words ‘fourteen
per cent’.

6. Page 61.—
In Section 80-CCD, sub-section (2), the following proviso may be inserted -
Provided that where the total income of the assessee is chargeable to tax
under sub-section (1-A) of Section 115-BAC the provisions of sub-section (2) shall have
 2
effect as if for the words ‘ten per cent’ referred to in Clause (b), the words ‘fourteen
per cent’ had been substituted.

7. Page 74.—

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In Section 80-G, sub-section (2) , in sub-clause (iii-hg) for the words ‘the National

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Sports Fund to be set up’, the words ‘the National Sports Development Fund set up’
may be substituted.

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8. Page 77.—

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In sub-clause (ix), in Clause (iii) under the proviso, after the words ‘whichever is

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earlier’ the word ‘or’ shall be inserted.

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In clause (iv) the words ‘ in any other case’ shall be omitted and in Clause (B) the

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portion beginning with the words ‘and where no income or part’ and ending with the
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words ‘such application’ shall be omitted.
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Page 78.—
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In the second proviso in Clause (ii), in sub-clause (b), for item (B), the following
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shall be substituted.—
‘(B) if he is not so satisfied, pass an order in writing, rejecting such application
and cancelling its approval, if any, after affording it a reasonable opportunity of
being heard;’

Page 79.—
for the third proviso, the following proviso shall be substituted.—
‘Provided also that the order under Clause (i) and Clause (iii) of the second proviso
shall be passed in such form and manner as may be prescribed, before expiry of the
period of three months and one month, as the case may be, calculated from the end of
the month in which the application was received:’
after the third proviso, the following proviso shall be inserted.—
‘Provided also that the order under sub-clause (b) of Clause (ii) of the second
proviso shall be passed in such form and manner as may be prescribed, before expiry
of the period of six months from the end of the quarter in which the application was
received.’

9. Page 86.—
Section 115-BAC shall be substituted as below.—
‘(1-A) Notwithstanding anything contained in this Act but subject to the
provisions of this Chapter, the Income Tax payable in respect of the total income
of a person, being an individual or Hindu Undivided Family or association of persons
(other than a co-operative society), or body of individuals, whether incorporated or
not, or an artificial juridical person referred to in sub-clause (vii) of Clause (31) of
Section 2, other than a person who has exercised an option under sub-section (6),––
(i) for any previous year relevant to the assessment year beginning on the 1st day
of April, 2024, shall be computed at the rate of tax given in the following Table,
namely:—
 3
TABLE
Sl. No. Total income Rate of tax
(1) (2) (3)

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1. Up to ₹ 3,00,000 Nil

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2. From ₹ 3,00,001 to ₹ 6,00,000 5 per cent

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3. From ₹ 6,00,001 to ₹ 9,00,000 10 per cent

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4. From ₹ 9,00,001 to ₹ 12,00,000 15 per cent

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5. From ₹ 12,00,001 to ₹ 15,00,000 20 per cent

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6. Above ₹ 15,00,000 30 per cent

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(ii) for any previous year relevant to the assessment year beginning on or after
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the 1st day of April, 2025, shall be computed at the rate of tax given in the following
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Table, namely:—
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TABLE
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Sl. No. Total income Rate of tax

(1) (2) (3)
1. Up to ₹ 3,00,000 Nil
2. From ₹ 3,00,001 to ₹ 7,00,000 5 per cent
3. From ₹ 7,00,001 to ₹ 10,00,000 10 per cent
4. From ₹ 10,00,001 to ₹ 12,00,000 15 per cent
5. From ₹ 12,00,001 to ₹ 15,00,000 20 per cent
6. Above ₹ 15,00,000 30 per cent

10. Page 92.—

Section 139-AA, in sub-section (1), after the proviso, the following proviso
shall be inserted.––
‘Provided further that nothing in the first proviso shall apply in respect of any
application form for allotment of permanent account number or return of income
furnished on or after the 1st day of October, 2024.’
after sub-section (2), the following sub-section shall be inserted.––
‘(2-A) Every person who has been allotted Permanent Account Number on the
basis of Enrolment ID of Aadhaar application form filed prior to the 1st day of October,
2024, shall intimate his Aadhaar number to such authority in such form and manner,
as may be prescribed, on or before a date to be notified by the Central Government
in the Official Gazette.’

11. Page 101.—

In Section 276-B, the following proviso shall be inserted.––
‘Provided that the provisions of this section shall not apply if the payment
referred to in Clause (a) has been made to the credit of the Central Government at
any time on or before the time prescribed for filing the statement for such payment
under sub-section (3) of Section 200.’
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12. Page 137.—
In (i) Deductions allowed under the default tax regime (Section 115-BAC), the
maximum limit under Section 16 (ia) may be substituted with ₹ 75,000.

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13. Page 140, Standard deduction add the following sentence.—

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Standard Deduction ₹ 75,000 is allowed where Income Tax is computed under

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Clause (ii) of sub-section (1-A) of Section 115-BAC.

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14. Page 141, Sl. No. (m) may be substituted as below.—

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(m) The National Sports Development Fund.

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15. Page 164, Solved Problem No. 13, the answer may be substituted as below.—

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Ans. ₹ nu
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Total Salary Income ... 7,50,000
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Less Standard deduction Sec. 16 (ia) ... 75,000

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Taxable Income ... 6,75,000

Tax
For the first ₹ 3,00,000 ... Nil
For the Balance of ₹ 3,75,000 ... 5% 18,750
Income Tax ... 18,750
Less
Rebate under Proviso (a) to Section 87-A 18,750
Tax Payable NIL
Note 1.— Standard deduction of ₹ 75,000 is allowed from the Financial Year
2024-2025 to assessees who opt for the new regime.

16. Page 165/166, Solved Problem No. 14, the answer may be substituted as below.—
Ans.
Salary Income ... 7,42,000
Interest received on PO SB Account ... 9,000
Total 7,51,000
Less
Standard deduction - Sec. 16 (ia) ... 75,000
Taxable Income ... 6,76,000

Income Tax : ₹
For the first ₹ 3,00,000 Nil
For the Balance of ₹ 3,76,000 @ 5% 18,800
Tax 18,800
Rebate under Proviso (b) to Section 87-A ... 18,800
Tax payable ... NIL
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Note 1.— Standard deduction of ₹ 75,000 is allowed from the Financial Year
2024-2025 to assessees who opt for the new regime.

17. Page 166/167, Solved Problem No. 15, the answer may be substituted as below.—

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Ans.

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Gross Salary Income ... 7,55,000

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Income from other sources ... 18,000

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7,73,000

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Less

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Standard deduction - Under Sec. 16 (ia) 75,000

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Taxable income 6,98,000

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Income Tax : ₹
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For the First ₹ 3,00,000 Nil

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Balance of ₹ 3,98,000 @ 5% 19,900

19,900
Rebate under Proviso (b) to Section 87-A 19,900
Tax Payable NIL

Note 1.— Standard deduction of ₹ 75,000 is allowed from the Financial Year
2024-2025 to assessees who opt for the new regime.

18. Page 167, Solved Problem No. 16, the calculations from Gross Total Income
may be substituted as below.— ₹
Gross Total Income 24,25,840
Less
Standard deduction under Sec. 16 (ia) 75,000
Taxable Income 23,50,840

Income Tax payable: ₹

First ₹ 3,00,000 ... Nil

₹ 3,00,001 to ₹ 7,00,000 @ 5% ... 20,000
₹ 7,00,001 to ₹ 10,00,000 @ 10% ... 30,000
₹ 10,00,001 to ₹ 12,00,000 @ 15% ... 30,000
₹ 12,00,001 to ₹ 15,00,000 @ 20% ... 60,000
Balance ₹ 8,50,840 @ 30% ... 2,55,252
3,95,252
Health and Education Cess @ 4% ₹ 15,810.08 15,810
Total tax payable ... ... ... 4,11,062
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Note 1.— Standard deduction of ₹ 75,000 is allowed from the Financial Year
2024-2025 to assessees who opt for the new regime.

19. Page 171, Solved Problem No. 17, the calculation of tax under Section 115-BAC,

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new regime and Note 1 and 3 may be substituted as below.—

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B. Calculation of tax under Section 115-BAC, new regime : ₹

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Total Income as computed in (A) 24,15,740

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Deductions

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Standard deduction – Sec. 16 (ia) = 75,000
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23,40,740
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Under Section 80-CCD (2)

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Government’s contribution to New Pension Scheme 2,37,260

Net taxable income rounded off 21,03,480

Income Tax payable ₹

First ₹ 3,00,000 ... Nil

₹ 3,00,001 to ₹ 7,00,000 @ 5% ... 20,000
₹ 7,00,001 to ₹ 10,00,000 @ 10% ... 30,000
₹ 10,00,001 to ₹ 12,00,000 @ 15% ... 30,000
₹ 12,00,001 to ₹ 15,00,000 @ 20% ... 60,000
Balance ₹ 6,03,480 @ 30% ... 1,81,044
3,21,044
Health and Education Cess @ 4% - ₹ 12,841.76 12,842

Total tax payable 3,33,886

Note 1.— The Assessee may opt for tax calculation under new regime which is
beneficial to him. He saves an amount of ₹ 75,542.

Note 3.— Standard deduction under Section 16 (i) is allowed at ₹ 75,000 from
the Financial Year 2024-2025 to individuals and HUFs who opt for calculation of
tax under Section 115-BAC.

20. Page 174, Solved Problem No. 18, the calculation of tax under (b) Section 115-BAC,
new regime and Note 1 and 2 may be substituted as below.—
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(b) Calculation of Income Tax under new regime i.e., Section 115-BAC
Pension Income : ₹ ₹
1-3-2024 to 28-2-2025 - ₹ 63,540 x 12 7,62,480

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Dearness Relief :

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1-3 to 30-6- @ 50% = ₹ 52,950 x 4 = 2,11,800

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1-7 to 28-2- @ 53% = ₹ 56,127 x 8 = 4,49,016 6,60,816

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Other source of Income:

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Interest on Deposits 1,50,000

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Deductions : 15,73,296

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Standard deduction – Sec. 16 (ia) 75,000

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Taxable Income rounded off 14,98,300

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Income Tax : ₹
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First ₹ 3,00,000 Nil

₹ 3,00,001 to ₹ 7,00,000 @ 5% 20,000
₹ 7,00,001 to ₹ 10,00,000 @ 10% 30,000
₹ 10,00,001 to ₹ 12,00,000 @ 15% 30,000
Balance ₹ 2,98,300 @ 20% 59,660
Total IT 1,39,660
Health and Education Cess @ 4% ₹ 5,586.40 5,586
Total tax payable 1,45,246
Note 1.— The Assessee may opt for tax calculation under new regime which is
beneficial to him. He saves an amount of ₹ 54,424.
Note 2.— Standard deduction of ₹ 75,000 is allowed under Sec. 16 (ia) from the
Financial Year 2024-2025 to assessees who opt for the new regime.
21. Page 137, Para. (c) and the table may be substituted as below.—
(c) An illustration of calculation of rebate under Section 87-A is given below –

Income Tax Difference between Income Tax

Taxable Rebate under
payable before taxable income and payable after
Income Section 87-A
allowing rebate ₹ 7 lakhs rebate
₹ ₹ ₹ ₹ ₹
6,85,000 19,250 - 19,250 -
7,00,000 20,000 - 20,000 -
7,03,000 20,300 3,000 17,300 3,000
7,10,000 21,000 10,000 11,000 10,000
7,23,000 22,300 23,000 - 22,300
7,25,000 22,500 25,000 - 22,500
7,26,000 22,600 26,000 - 22,600
7,30,000 23,000 30,000 - 23,000
22. Chapter 14 may be substituted as below.—
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Ready Reckoner for

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Tax under Section 115-BAC

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Where the taxable income is between ₹ 7,00,000 and ₹ 8,00,000

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Rate 10%

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Taxable Taxable Taxable Taxable

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IT IT IT IT
Income Income Income Income

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₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹

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10 1 50 nu
5 100 10 600 60
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20 2 60 6 200 20 700 70
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30 3 70 7 300 30 800 80
40 4 80 8 400 40 900 90
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50 5 90 9 500 50 1,000 100

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Taxable Income Taxable Income Taxable Income Taxable Income

Income tax Income tax Income tax Income tax
7,00,000 Nil* 7,25,000 22,500 7,50,000 25,000 7,75,000 27,500
7,01,000 1,000* 7,26,000 22,600 7,51,000 25,100 7,76,000 27,600
7,02,000 2,000* 7,27,000 22,700 7,52,000 25,200 7,77,000 27,700
7,03,000 3,000* 7,28,000 22,800 7,53,000 25,300 7,78,000 27,800
7,04,000 4,000* 7,29,000 22,900 7,54,000 25,400 7,79,000 27,900
7,05,000 5,000* 7,30,000 23,000 7,55,000 25,500 7,80,000 28,000
7,06,000 6,000* 7,31,000 23,100 7,56,000 25,600 7,81,000 28,100
7,07,000 7,000* 7,32,000 23,200 7,57,000 25,700 7,82,000 28,200
7,08,000 8,000* 7,33,000 23,300 7,58,000 25,800 7,83,000 28,300
7,09,000 9,000* 7,34,000 23,400 7,59,000 25,900 7,84,000 28,400
7,10,000 10,000* 7,35,000 23,500 7,60,000 26,000 7,85,000 28,500
7,11,000 11,000* 7,36,000 23,600 7,61,000 26,100 7,86,000 28,600
7,12,000 12,000* 7,37,000 23,700 7,62,000 26,200 7,87,000 28,700
7,13,000 13,000* 7,38,000 23,800 7,63,000 26,300 7,88,000 28,800
7,14,000 14,000* 7,39,000 23,900 7,64,000 26,400 7,89,000 28,900
7,15,000 15,000* 7,40,000 24,000 7,65,000 26,500 7,90,000 29,000
7,16,000 16,000* 7,41,000 24,100 7,66,000 26,600 7,91,000 29,100
7,17,000 17,000* 7,42,000 24,200 7,67,000 26,700 7,92,000 29,200
7,18,000 18,000* 7,43,000 24,300 7,68,000 26,800 7,93,000 29,300
7,19,000 19,000* 7,44,000 24,400 7,69,000 26,900 7,94,000 29,400
7,20,000 20,000* 7,45,000 24,500 7,70,000 27,000 7,95,000 29,500
7,21,000 21,000* 7,46,000 24,600 7,71,000 27,100 7,96,000 29,600
7,22,000 22,000* 7,47,000 24,700 7,72,000 27,200 7,97,000 29,700
7,23,000 22,300 7,48,000 24,800 7,73,000 27,300 7,98,000 29,800
7,24,000 22,400 7,49,000 24,900 7,74,000 27,400 7,99,000 29,900
7,25,000 22,500 7,50,000 25,000 7,75,000 27,500 8,00,000 30,000

* After allowing rebate under Proviso (b) to Section 87-A.

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Where the taxable income is between ₹ 8,00,000 and ₹ 9,20,000

Rate 10%
Taxable Taxable Taxable Taxable

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IT IT IT IT
Income Income Income Income

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₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹

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10 1 50 5 100 10 600 60
20 2 60 6 200 20 700 70

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30 3 70 7 300 30 800 80

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40 4 80 8 400 40 900 90
50 5 90 9 500 50 1,000 100

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Taxable Income

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Taxable Income Taxable Income Taxable Income
Income tax Income tax Income tax Income tax

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8,00,000 30,000 8,30,000
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33,000 8,60,000 36,000 8,90,000 39,000
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8,01,000 30,100 8,31,000 33,100 8,61,000 36,100 8,91,000 39,100
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8,02,000 30,200 8,32,000 33,200 8,62,000 36,200 8,92,000 39,200

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8,03,000 30,300 8,33,000 33,300 8,63,000 36,300 8,93,000 39,300

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8,04,000 30,400 8,34,000 33,400 8,64,000 36,400 8,94,000 39,400

8,05,000 30,500 8,35,000 33,500 8,65,000 36,500 8,95,000 39,500

8,06,000 30,600 8,36,000 33,600 8,66,000 36,600 8,96,000 39,600
8,07,000 30,700 8,37,000 33,700 8,67,000 36,700 8,97,000 39,700
8,08,000 30,800 8,38,000 33,800 8,68,000 36,800 8,98,000 39,800
8,09,000 30,900 8,39,000 33,900 8,69,000 36,900 8,99,000 39,900

8,10,000 31,000 8,40,000 34,000 8,70,000 37,000 9,00,000 40,000

8,11,000 31,100 8,41,000 34,100 8,71,000 37,100 9,01,000 40,100
8,12,000 31,200 8,42,000 34,200 8,72,000 37,200 9,02,000 40,200
8,13,000 31,300 8,43,000 34,300 8,73,000 37,300 9,03,000 40,300
8,14,000 31,400 8,44,000 34,400 8,74,000 37,400 9,04,000 40,400

8,15,000 31,500 8,45,000 34,500 8,75,000 37,500 9,05,000 40,500

8,16,000 31,600 8,46,000 34,600 8,76,000 37,600 9,06,000 40,600
8,17,000 31,700 8,47,000 34,700 8,77,000 37,700 9,07,000 40,700
8,18,000 31,800 8,48,000 34,800 8,78,000 37,800 9,08,000 40,800
8,19,000 31,900 8,49,000 34,900 8,79,000 37,900 9,09,000 40,900

8,20,000 32,000 8,50,000 35,000 8,80,000 38,000 9,10,000 41,000

8,21,000 32,100 8,51,000 35,100 8,81,000 38,100 9,11,000 41,100
8,22,000 32,200 8,52,000 35,200 8,82,000 38,200 9,12,000 41,200
8,23,000 32,300 8,53,000 35,300 8,83,000 38,300 9,13,000 41,300
8,24,000 32,400 8,54,000 35,400 8,84,000 38,400 9,14,000 41,400

8,25,000 32,500 8,55,000 35,500 8,85,000 38,500 9,15,000 41,500

8,26,000 32,600 8,56,000 35,600 8,86,000 38,600 9,16,000 41,600
8,27,000 32,700 8,57,000 35,700 8,87,000 38,700 9,17,000 41,700
8,28,000 32,800 8,58,000 35,800 8,88,000 38,800 9,18,000 41,800
8,29,000 32,900 8,59,000 35,900 8,89,000 38,900 9,19,000 41,900

8,30,000 33,000 8,60,000 36,000 8,90,000 39,000 9,20,000 42,000

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Where the taxable income is between ₹ 9,20,000 and ₹ 10,00,000

Rate 10%
Taxable Taxable Taxable Taxable

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IT IT IT IT
Income Income Income Income
₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹

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10 2 50 8 100 15 600 90

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20 3 60 9 200 30 700 105

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30 4 70 11 300 45 800 120

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40 5 80 12 400 60 900 135
50 6 90 14 500 75 1,000 150

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Taxable Income Taxable Income Taxable Income Taxable Income

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Income tax Income tax Income tax Income tax

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9,20,000 42,000
nu
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9,40,000 44,000 9,60,000 46,000 9,80,000 48,000
9,21,000 42,100 9,41,000 44,100 9,61,000 46,100 9,81,000 48,100
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9,22,000 42,200 9,42,000 44,200 9,62,000 46,200 9,82,000 48,200

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9,23,000 42,300 9,43,000 44,300 9,63,000 46,300 9,83,000 48,300

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9,24,000 42,400 9,44,000 44,400 9,64,000 46,400 9,84,000 48,400

9,25,000 42,500 9,45,000 44,500 9,65,000 46,500 9,85,000 48,500

9,26,000 42,600 9,46,000 44,600 9,66,000 46,600 9,86,000 48,600
9,27,000 42,700 9,47,000 44,700 9,67,000 46,700 9,87,000 48,700
9,28,000 42,800 9,48,000 44,800 9,68,000 46,800 9,88,000 48,800
9,29,000 42,900 9,49,000 44,900 9,69,000 46,900 9,89,000 48,900

9,30,000 43,000 9,50,000 45,000 9,70,000 47,000 9,90,000 49,000

9,31,000 43,100 9,51,000 45,100 9,71,000 47,100 9,91,000 49,100
9,32,000 43,200 9,52,000 45,200 9,72,000 47,200 9,92,000 49,200
9,33,000 43,300 9,53,000 45,300 9,73,000 47,300 9,93,000 49,300
9,34,000 43,400 9,54,000 45,400 9,74,000 47,400 9,94,000 49,400

9,35,000 43,500 9,55,000 45,500 9,75,000 47,500 9,95,000 49,500

9,36,000 43,600 9,56,000 45,600 9,76,000 47,600 9,96,000 49,600
9,37,000 43,700 9,57,000 45,700 9,77,000 47,700 9,97,000 49,700
9,38,000 43,800 9,58,000 45,800 9,78,000 47,800 9,98,000 49,800
9,39,000 43,900 9,59,000 45,900 9,79,000 47,900 9,99,000 49,900
9,40,000 44,000 9,60,000 46,000 9,80,000 48,000 10,00,000 50,000
 11

Where the taxable income is between ₹ 10,00,000 and ₹ 11,40,000

Rate 15%
Taxable Taxable Taxable Taxable

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IT IT IT IT
Income Income Income Income
₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹

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10 2 50 8 100 15 600 90

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20 3 60 9 200 30 700 105
30 4 70 11 300 45 800 120

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40 5 80 12 400 60 900 135
50 6 90 14 500 75 1,000 150

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Taxable Income Taxable Income Taxable Income Taxable Income

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Income tax Income tax Income tax Income tax

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10,00,000 50,000 10,35,000 nu
55,250 10,70,000 60,500 11,05,000 65,750
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10,01,000 50,150 10,36,000 55,400 10,71,000 60,650 11,06,000 65,900
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10,02,000 50,300 10,37,000 55,550 10,72,000 60,800 11,07,000 66,050

11,08,000 66,200
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10,03,000 50,450 10,38,000 55,700 10,73,000 60,950

11,09,000 66,350
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10,04,000 50,600 10,39,000 55,850 10,74,000 61,100

10,05,000 50,750 10,40,000 56,000 10,75,000 61,250 11,10,000 66,500
10,06,000 50,900 10,41,000 56,150 10,76,000 61,400 11,11,000 66,650
10,07,000 51,050 10,42,000 56,300 10,77,000 61,550 11,12,000 66,800
10,08,000 51,200 10,43,000 56,450 10,78,000 61,700 11,13,000 66,950
10,09,000 51,350 10,44,000 56,600 10,79,000 61,850 11,14,000 67,100
10,10,000 51,500 10,45,000 56,750 10,80,000 62,000 11,15,000 67,250
10,11,000 51,650 10,46,000 56,900 10,81,000 62,150 11,16,000 67,400
10,12,000 51,800 10,47,000 57,050 10,82,000 62,300 11,17,000 67,550
10,13,000 51,950 10,48,000 57,200 10,83,000 62,450 11,18,000 67,700
10,14,000 52,100 10,49,000 57,350 10,84,000 62,600 11,19,000 67,850
10,15,000 52,250 10,50,000 57,500 10,85,000 62,750 11,20,000 68,000
10,16,000 52,400 10,51,000 57,650 10,86,000 62,900 11,21,000 68,150
10,17,000 52,550 10,52,000 57,800 10,87,000 63,050 11,22,000 68,300
10,18,000 52,700 10,53,000 57,950 10,88,000 63,200 11,23,000 68,450
10,19,000 52,850 10,54,000 58,100 10,89,000 63,350 11,24,000 68,600
10,20,000 53,000 10,55,000 58,250 10,90,000 63,500 11,25,000 68,750
10,21,000 53,150 10,56,000 58,400 10,91,000 63,650 11,26,000 68,900
10,22,000 53,300 10,57,000 58,550 10,92,000 63,800 11,27,000 69,050
10,23,000 53,450 10,58,000 58,700 10,93,000 63,950 11,28,000 69,200
10,24,000 53,600 10,59,000 58,850 10,94,000 64,100 11,29,000 69,350
10,25,000 53,750 10,60,000 59,000 10,95,000 64,250 11,30,000 69,500
10,26,000 53,900 10,61,000 59,150 10,96,000 64,400 11,31,000 69,650
10,27,000 54,050 10,62,000 59,300 10,97,000 64,550 11,32,000 69,800
10,28,000 54,200 10,63,000 59,450 10,98,000 64,700 11,33,000 69,950
10,29,000 54,350 10,64,000 59,600 10,99,000 64,850 11,34,000 70,100
10,30,000 54,500 10,65,000 59,750 11,00,000 65,000 11,35,000 70,250
10,31,000 54,650 10,66,000 59,900 11,01,000 65,150 11,36,000 70,400
10,32,000 54,800 10,67,000 60,050 11,02,000 65,300 11,37,000 70,550
10,33,000 54,950 10,68,000 60,200 11,03,000 65,450 11,38,000 70,700
10,69,000 60,350 11,04,000 65,600 11,39,000 70,850
10,34,000 55,100
10,35,000 55,250 10,70,000 60,500 11,05,000 65,750 11,40,000 71,000
 12

Where the taxable income is between ₹ 11,40,000 and ₹ 12,00,000

Rate 15%
Taxable Taxable Taxable Taxable

om
IT IT IT IT
Income Income Income Income

l.c
₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹

ai
10 2 50 10 100 20 600 120

gm
20 4 60 12 200 40 700 140
30 6 70 14 300 60 800 160

i@
40 8 80 16 400 80 900 180
50 10 90 18 500 100 1,000 200

an
Taxable Income Taxable Income Taxable Income Taxable Income

al
Income tax Income tax Income tax Income tax

l
11,40,000 71,000 11,55,000
nu
73,250 11,70,000 75,500 11,85,000 77,750
so
11,41,000 71,150 11,56,000 73,400 11,71,000 75,650 11,86,000 77,900
sh

11,42,000 71,300 11,57,000 73,550 11,72,000 75,800 11,87,000 78,050

je

11,43,000 71,450 11,58,000 73,700 11,73,000 75,950 11,88,000 78,200

ra

11,44,000 71,600 11,59,000 73,850 11,74,000 76,100 11,89,000 78,350

11,45,000 71,750 11,60,000 74,000 11,75,000 76,250 11,90,000 78,500

11,46,000 71,900 11,61,000 74,150 11,76,000 76,400 11,91,000 78,650
11,47,000 72,050 11,62,000 74,300 11,77,000 76,550 11,92,000 78,800
11,48,000 72,200 11,63,000 74,450 11,78,000 76,700 11,93,000 78,950
11,49,000 72,350 11,64,000 74,600 11,79,000 76,850 11,94,000 79,100

11,50,000 72,500 11,65,000 74,750 11,80,000 77,000 11,95,000 79,250

11,51,000 72,650 11,66,000 74,900 11,81,000 77,150 11,96,000 79,400
11,52,000 72,800 11,67,000 75,050 11,82,000 77,300 11,97,000 79,550
11,53,000 72,950 11,68,000 75,200 11,83,000 77,450 11,98,000 79,700
11,84,000 77,600 11,99,000 79,850
11,54,000 73,100 11,69,000 75,350
11,55,000 73,250 11,70,000 75,500 11,85,000 77,750 12,00,000 80,000
 13

Where the taxable income is between ₹ 12,00,000 and ₹ 13,40,000

Rate 20%
Taxable Taxable Taxable Taxable

om
IT IT IT IT
Income Income Income Income

l.c
₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹

ai
10 2 50 10 100 20 600 120

gm
20 4 60 12 200 40 700 140
30 6 70 14 300 60 800 160

i@
40 8 80 16 400 80 900 180

an
50 10 90 18 500 100 1,000 200
Taxable Income Taxable Income Taxable Income Taxable Income

al
Income tax Income tax Income tax Income tax

l
12,00,000 80,000 12,35,000
nu
87,000 12,70,000 94,000 13,05,000 1,01,000
so
12,01,000 80,200 12,36,000 87,200 12,71,000 94,200 13,06,000 1,01,200
sh

12,02,000 80,400 12,37,000 87,400 12,72,000 94,400 13,07,000 1,01,400

je

12,03,000 80,600 12,38,000 87,600 12,73,000 94,600 13,08,000 1,01,600

ra

12,04,000 80,800 12,39,000 87,800 12,74,000 94,800 13,09,000 1,01,800

12,05,000 81,000 12,40,000 88,000 12,75,000 95,000 13,10,000 1,02,000
12,06,000 81,200 12,41,000 88,200 12,76,000 95,200 13,11,000 1,02,200
12,07,000 81,400 12,42,000 88,400 12,77,000 95,400 13,12,000 1,02,400
12,08,000 81,600 12,43,000 88,600 12,78,000 95,600 13,13,000 1,02,600
12,09,000 81,800 12,44,000 88,800 12,79,000 95,800 13,14,000 1,02,800
12,10,000 82,000 12,45,000 89,000 12,80,000 96,000 13,15,000 1,03,000
12,11,000 82,200 12,46,000 89,200 12,81,000 96,200 13,16,000 1,03,200
12,12,000 82,400 12,47,000 89,400 12,82,000 96,400 13,17,000 1,03,400
12,13,000 82,600 12,48,000 89,600 12,83,000 96,600 13,18,000 1,03,600
12,14,000 82,800 12,49,000 89,800 12,84,000 96,800 13,19,000 1,03,800

12,15,000 83,000 12,50,000 90,000 12,85,000 97,000 13,20,000 1,04,000

12,16,000 83,200 12,86,000 97,200 13,21,000 1,04,200
12,51,000 90,200
12,17,000 83,400 12,87,000 97,400 13,22,000 1,04,400
12,52,000 90,400
12,18,000 83,600 12,88,000 97,600 13,23,000 1,04,600
12,53,000 90,600
12,19,000 83,800 12,89,000 97,800 13,24,000 1,04,800
12,54,000 90,800
12,20,000 84,000 12,55,000 91,000 12,90,000 98,000 13,25,000 1,05,000
12,21,000 84,200 12,91,000 98,200 13,26,000 1,05,200
12,56,000 91,200
12,22,000 84,400 12,92,000 98,400 13,27,000 1,05,400
12,57,000 91,400
12,23,000 84,600 12,93,000 98,600 13,28,000 1,05,600
12,58,000 91,600
12,24,000 84,800 12,94,000 98,800 13,29,000 1,05,800
12,59,000 91,800
12,25,000 85,000 12,60,000 92,000 12,95,000 99,000 13,30,000 1,06,000
12,26,000 85,200 12,96,000 99,200 13,31,000 1,06,200
12,61,000 92,200
12,27,000 85,400 12,97,000 99,400 13,32,000 1,06,400
12,62,000 92,400
12,28,000 85,600 12,98,000 99,600 13,33,000 1,06,600
12,63,000 92,600
12,29,000 85,800 12,99,000 99,800 13,34,000 1,06,800
12,64,000 92,800
12,30,000 86,000 12,65,000 93,000 13,00,000 1,00,000 13,35,000 1,07,000
12,31,000 86,200 12,66,000 93,200 13,01,000 1,00,200 13,36,000 1,07,200
12,32,000 86,400 12,67,000 93,400 13,02,000 1,00,400 13,37,000 1,07,400
12,33,000 86,600 12,68,000 93,600 13,03,000 1,00,600 13,38,000 1,07,600
12,34,000 86,800 12,69,000 93,800 13,04,000 1,00,800 13,39,000 1,07,800
12,35,000 87,000 12,70,000 94,000 13,05,000 1,01,000 13,40,000 1,08,000
 14

Where the taxable income is between ₹ 13,40,000 and ₹ 14,80,000

Rate 20%
Taxable Taxable Taxable Taxable

om
IT IT IT IT
Income Income Income Income

l.c
₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹
10 2 50 10 100 20 600 120

ai
20 4 60 12 200 40 700 140

gm
30 6 70 14 300 60 800 160

i@
40 8 80 16 400 80 900 180
50 10 90 18 500 100 1,000 200

an
Taxable Income Taxable Income Taxable Income Taxable Income

al
Income tax Income tax Income tax Income tax

l
13,40,000 1,08,000 13,75,000 nu
1,15,000 14,10,000 1,22,000 14,45,000 1,29,000
so
13,41,000 1,08,200 13,76,000 1,15,200 14,11,000 1,22,200 14,46,000 1,29,200
sh

13,42,000 1,08,400 13,77,000 1,15,400 14,12,000 1,22,400 14,47,000 1,29,400

14,48,000 1,29,600
je

13,43,000 1,08,600 13,78,000 1,15,600 14,13,000 1,22,600

ra

13,44,000 1,08,800 13,79,000 1,15,800 14,14,000 1,22,800 14,49,000 1,29,800

13,45,000 1,09,000 13,80,000 1,16,000 14,15,000 1,23,000 14,50,000 1,30,000
13,46,000 1,09,200 13,81,000 1,16,200 14,16,000 1,23,200 14,51,000 1,30,200
13,47,000 1,09,400 13,82,000 1,16,400 14,17,000 1,23,400 14,52,000 1,30,400
13,48,000 1,09,600 13,83,000 1,16,600 14,18,000 1,23,600 14,53,000 1,30,600
13,49,000 1,09,800 13,84,000 1,16,800 14,19,000 1,23,800 14,54,000 1,30,800
13,50,000 1,10,000 13,85,000 1,17,000 14,20,000 1,24,000 14,55,000 1,31,000
13,51,000 1,10,200 13,86,000 1,17,200 14,21,000 1,24,200 14,56,000 1,31,200
13,52,000 1,10,400 13,87,000 1,17,400 14,22,000 1,24,400 14,57,000 1,31,400
13,53,000 1,10,600 13,88,000 1,17,600 14,23,000 1,24,600 14,58,000 1,31,600
13,54,000 1,10,800 13,89,000 1,17,800 14,24,000 1,24,800 14,59,000 1,31,800
13,55,000 1,11,000 13,90,000 1,18,000 14,25,000 1,25,000 14,60,000 1,32,000
13,56,000 1,11,200 13,91,000 1,18,200 14,26,000 1,25,200 14,61,000 1,32,200
13,57,000 1,11,400 13,92,000 1,18,400 14,27,000 1,25,400 14,62,000 1,32,400
13,58,000 1,11,600 13,93,000 1,18,600 14,28,000 1,25,600 14,63,000 1,32,600
13,59,000 1,11,800 13,94,000 1,18,800 14,29,000 1,25,800 14,64,000 1,32,800
13,60,000 1,12,000 13,95,000 1,19,000 14,30,000 1,26,000 14,65,000 1,33,000
13,61,000 1,12,200 13,96,000 1,19,200 14,31,000 1,26,200 14,66,000 1,33,200
13,62,000 1,12,400 13,97,000 1,19,400 14,32,000 1,26,400 14,67,000 1,33,400
13,63,000 1,12,600 13,98,000 1,19,600 14,33,000 1,26,600 14,68,000 1,33,600
13,64,000 1,12,800 13,99,000 1,19,800 14,34,000 1,26,800 14,69,000 1,33,800
13,65,000 1,13,000 14,00,000 1,20,000 14,35,000 1,27,000 14,70,000 1,34,000
13,66,000 1,13,200 14,01,000 1,20,200 14,36,000 1,27,200 14,71,000 1,34,200
13,67,000 1,13,400 14,02,000 1,20,400 14,37,000 1,27,400 14,72,000 1,34,400
13,68,000 1,13,600 14,03,000 1,20,600 14,38,000 1,27,600 14,73,000 1,34,600
13,69,000 1,13,800 14,04,000 1,20,800 14,39,000 1,27,800 14,74,000 1,34,800
13,70,000 1,14,000 14,05,000 1,21,000 14,40,000 1,28,000 14,75,000 1,35,000
13,71,000 1,14,200 14,06,000 1,21,200 14,41,000 1,28,200 14,76,000 1,35,200
13,72,000 1,14,400 14,07,000 1,21,400 14,42,000 1,28,400 14,77,000 1,35,400
13,73,000 1,14,600 14,08,000 1,21,600 14,43,000 1,28,600 14,78,000 1,35,600
13,74,000 1,14,800 14,09,000 1,21,800 14,44,000 1,28,800 14,79,000 1,35,800
13,75,000 1,15,000 14,10,000 1,22,000 14,45,000 1,29,000 14,80,000 1,36,000
 15

Where the taxable income is between ₹ 14,80,000 and ₹ 15,00,000

Rate 20%
Taxable Taxable Taxable Taxable
IT IT IT IT

om
Income Income Income Income
₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹

l.c
10 2 50 10 100 20 600 120

ai
20 4 60 12 200 40 700 140

gm
30 6 70 14 300 60 800 160
40 8 80 16 400 80 900 180

i@
50 10 90 18 500 100 1,000 200

an
Taxable Income Taxable Income Taxable Income Taxable Income

al
Income tax Income tax Income tax Income tax

l
14,80,000 1,36,000 14,85,000 nu
1,37,000 14,90,000 1,38,000 14,95,000 1,39,000
so
14,81,000 1,36,200 14,86,000 1,37,200 14,91,000 1,38,200 14,96,000 1,39,200
sh

14,82,000 1,36,400 14,87,000 1,37,400 14,92,000 1,38,400 14,97,000 1,39,400

14,83,000 1,36,600
je

14,88,000 1,37,600 14,93,000 1,38,600 14,98,000 1,39,600

14,84,000 1,36,800
ra

14,89,000 1,37,800 14,94,000 1,38,800 14,99,000 1,39,800

14,85,000 1,37,000 14,90,000 1,38,000 14,95,000 1,39,000 15,00,000 1,40,000
 16

Where the taxable income is ₹ 15,00,000 and above

Rate 30%
Taxable Taxable Taxable Taxable

om
IT IT IT IT
Income Income Income Income
₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹

l.c
10 3 50 15 100 30 600 180

ai
20 60 200 60 700

gm
6 18 210
30 9 70 21 300 90 800 240

i@
40 12 80 24 400 120 900 270

an
50 15 90 27 500 150 1000 300

al
Taxable Income Taxable Income Taxable Income Taxable Income
Income tax Income tax

l
Income tax Income tax
15,00,000 1,40,000 15,35,000
nu
1,50,500 15,70,000 1,61,000 16,05,000 1,71,500
so
15,01,000 1,40,300 15,36,000 1,50,800 15,71,000 1,61,300 16,06,000 1,71,800
sh

15,02,000 1,40,600 15,37,000 1,51,100 15,72,000 1,61,600 16,07,000 1,72,100

16,08,000 1,72,400
je

15,03,000 1,40,900 15,38,000 1,51,400 15,73,000 1,61,900

16,09,000 1,72,700
ra

15,04,000 1,41,200 15,39,000 1,51,700 15,74,000 1,62,200

15,05,000 1,41,500 15,40,000 1,52,000 15,75,000 1,62,500 16,10,000 1,73,000
15,06,000 1,41,800 15,41,000 1,52,300 15,76,000 1,62,800 16,11,000 1,73,300
15,07,000 1,42,100 15,42,000 1,52,600 15,77,000 1,63,100 16,12,000 1,73,600
15,08,000 1,42,400 15,43,000 1,52,900 15,78,000 1,63,400 16,13,000 1,73,900
15,09,000 1,42,700 15,44,000 1,53,200 15,79,000 1,63,700 16,14,000 1,74,200
15,10,000 1,43,000 15,45,000 1,53,500 15,80,000 1,64,000 16,15,000 1,74,500
15,11,000 1,43,300 15,46,000 1,53,800 15,81,000 1,64,300 16,16,000 1,74,800
15,12,000 1,43,600 15,47,000 1,54,100 15,82,000 1,64,600 16,17,000 1,75,100
15,13,000 1,43,900 15,48,000 1,54,400 15,83,000 1,64,900 16,18,000 1,75,400
15,14,000 1,44,200 15,49,000 1,54,700 15,84,000 1,65,200 16,19,000 1,75,700
15,15,000 1,44,500 15,50,000 1,55,000 15,85,000 1,65,500 16,20,000 1,76,000
15,16,000 1,44,800 15,51,000 1,55,300 15,86,000 1,65,800 16,21,000 1,76,300
15,17,000 1,45,100 15,52,000 1,55,600 15,87,000 1,66,100 16,22,000 1,76,600
15,18,000 1,45,400 15,53,000 1,55,900 15,88,000 1,66,400 16,23,000 1,76,900
15,19,000 1,45,700 15,54,000 1,56,200 15,89,000 1,66,700 16,24,000 1,77,200
15,20,000 1,46,000 15,55,000 1,56,500 15,90,000 1,67,000 16,25,000 1,77,500
15,21,000 1,46,300 15,56,000 1,56,800 15,91,000 1,67,300 16,26,000 1,77,800
15,22,000 1,46,600 15,57,000 1,57,100 15,92,000 1,67,600 16,27,000 1,78,100
15,23,000 1,46,900 15,58,000 1,57,400 15,93,000 1,67,900 16,28,000 1,78,400
15,24,000 1,47,200 15,59,000 1,57,700 15,94,000 1,68,200 16,29,000 1,78,700
15,25,000 1,47,500 15,60,000 1,58,000 15,95,000 1,68,500 16,30,000 1,79,000
15,26,000 1,47,800 15,61,000 1,58,300 15,96,000 1,68,800 16,31,000 1,79,300
15,27,000 1,48,100 15,62,000 1,58,600 15,97,000 1,69,100 16,32,000 1,79,600
15,28,000 1,48,400 15,63,000 1,58,900 15,98,000 1,69,400 16,33,000 1,79,900
15,64,000 1,59,200 15,99,000 1,69,700 16,34,000 1,80,200
15,29,000 1,48,700
15,30,000 1,49,000 15,65,000 1,59,500 16,00,000 1,70,000 16,35,000 1,80,500
15,31,000 1,49,300 15,66,000 1,59,800 16,01,000 1,70,300 16,36,000 1,80,800
15,32,000 1,49,600 15,67,000 1,60,100 16,02,000 1,70,600 16,37,000 1,81,100
15,33,000 1,49,900 15,68,000 1,60,400 16,03,000 1,70,900 16,38,000 1,81,400
15,34,000 1,50,200 15,69,000 1,60,700 16,04,000 1,71,200 16,39,000 1,81,700
15,35,000 1,50,500 15,70,000 1,61,000 16,05,000 1,71,500 16,40,000 1,82,000
SWAMY PUBLISHERS (P) LTD.
Chennai - 600 028 — New Delhi - 110 002