Income Tax Rates for Assessment Year 2026-2027 [ For H.U.F., A.O.P., B.O.I. and Artificial Juridical Person ] [ View Tax Rates under Default New Scheme under Section 115BAC ] Total Income (Other than Liable for Special Rates) Rates of Income Tax Does not exceeds Rs.2,50,000/- Nil Exceeds Rs.2,50,000/- but does not exceed Rs.5,00,000/- 5% of the amount by which the total income exceeds Rs. 2,50,000/- Exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/- Rs.12,500/- plus 20% of the amount by which the total income exceeds Rs. 5,00,000/- Exceeds Rs.10,00,000/- Rs.1,12,500/- plus 30% of the amount by which the total income exceeds Rs.10,00,000/- [ Alternate Minimum Tax (AMT) ] [ View Short Note on Alternate Mimimum Tax ] On whole 'adjusted total income' @ 18.50% of 'adjusted total income', where in the case of an individual liable to pay Alternate Minimum Tax where tax payable by him, on his total income computed as per normal provisions of the Act, is less than 18.5% of 'adjusted total income'. On whole 'adjusted total income' @ 9% of 'adjusted total income', in case of an assessee other than a company, being a unit of an International Financial Services Centre and deriving its income solely in convertible foreign exchange  Surcharge A] In the case of total income exceeding Rs.50,00,000/- but not exceeding Rs.1,00,00,000/- @ 10% of income tax.   Provided the total amount payable as income tax and surcharge on such income shall not exceed the total amount payable as income tax on a total income of Rs.50,00,000/- by more than the amount of income that exceeds Rs.50,00,000/-.  B] In the case of total income exceeding Rs.1,00,00,000/- but not exceeding Rs.2,00,00,000/- @ 15% of income tax.   Provided the total amount payable as income tax and surcharge on such income shall not exceed the total amount payable as income tax on a total income of Rs.1,00,00,000/- by more than the amount of income that exceeds Rs.1,00,00,000/-.  C] In the case of total income exceeding Rs.2,00,00,000/- but not exceeding Rs.5,00,00,000/- @ 25% of income tax. Except Dividends and income chargeable to tax under sections 111A, 112A and 115AD, accordingly the maximum rate of surcharge on tax payable on such incomes shall be 15%.   Provided the total amount payable as income tax and surcharge on such income shall not exceed the total amount payable as income tax on a total income of Rs.2,00,00,000/- by more than the amount of income that exceeds Rs.2,00,00,000/-.  D] In the case of total income exceeding Rs.5,00,00,000/- @ 37% of income tax. Except Dividends and income chargeable to tax under sections 111A, 112A and 115AD, accordingly the maximum rate of surcharge on tax payable on such incomes shall be 15%.   Provided the total amount payable as income tax and surcharge on such income shall not exceed the total amount payable as income tax on a total income of Rs.5,00,00,000/- by more than the amount of income that exceeds Rs.5,00,00,000/-.  Note 1. ‐ The surcharge rate for AOP with all members as a company, shall be capped at 15%.  Note 2. ‐ The surcharge rate is nil if the total income of a 'specified fund' as referred to in section 10(4D) includes any income in respect of securities as given under section 115AD(1)(a).  Health and Education Cess Health and Education Cess : @ 4% of income tax and Surcharge. Note A. ‐ The Health and Education Cess is nil if the total income of a 'specified fund' as referred to section 10(4D) includes any income in respect of securities as given under section 115AD(1)(a).      BACK