Passive Income Tax Rate 2025. Highlights include revised tax slabs, increased deductions, and simplified taxation. Which senior citizens do not have to file income tax return (itr) according to soni, section 194p provides the conditions for exempting senior citizens from filing itr if they are 75.
10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. The top marginal income tax rate of 37.