Income Tax Slab Rates For Ay 2024-251. 2) income between ₹ 2.5 to ₹ 5 lakh is taxed at 5 per cent under the old. The objective of introduction of mat is to bring into the tax net “zero tax companies” which in spite of having earned substantial book profits and having paid.

Up to rs 3 lakh the tax is nil from rs 3 lakh to rs 7 lakh the tax rate is 5% from rs 7 lakh to rs 10 lakh the tax rate. The objective of introduction of mat is to bring into the tax net “zero tax companies” which in spite of having earned substantial book profits and having paid.