Personal Taxation

While companies contribute a considerable amount to the tax collected each year by the Indian government, contributions from individuals also form a vital element of the revenue.

Income Tax Act, 1961, has been repealed and new Income Tax Act, 2025 is made applicable from 01 April 2026. Personal tax as per the Indian Income Tax Act, 2025 (ITA), is levied on individuals. The rates of taxation differ in each tax year (1 April 2026 to 31 March 2026).