Marginal Tax Rates 2025. A marginal tax rate determines the tax paid on an additional dollar of income that takes a taxpayer into a higher tax bracket. Direct tax code's key provisions are expected to include streamlined tax regimes, fewer slabs, and reduced complexities, benefiting individuals with annual incomes between rs.
Individuals, including senior and super senior citizens, are taxed according to a progressive slab system, with rates ranging from 5% to 30%, depending on their income. It’s important to note that these rates generally don’t change unless congress passes.