Income Tax Rates For Ay 2024-25 25th March. There are no changes in. Significant updates to the new tax regime were introduced in budget 2023, with changes to the income tax slabs applicable for the current financial year from april.

A company shall be liable to pay minimum alternate tax (mat) at 15% of book profit (plus surcharge and health and education cess as applicable) where the normal tax liability of the company is less than 15% of book profit. This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz.