As per the latest income tax regulations for the year 2024-2025, the following slabs and income tax rates will be applicable for Agriculture persons:

• Where the taxable Agriculture income does not exceed Rs. 400,000, the rate of income tax is 0%.
• Where the taxable Agriculture income exceeds Rs. 400,000 but does not exceed Rs. 800,000, the rate of income tax is Rs.1000 of the amount exceeding Rs. 400,000.
• Where the taxable Agriculture income exceeds Rs. 800,000 but does not exceed Rs. 1,200,000, the rate of income tax is Rs. 2,000 of the amount exceeding Rs. 800,000.
• Where the taxable Agriculture income exceeds Rs. 1,200,000 but does not exceed Rs. 2,400,000, the rate of income tax is 5% of the amount exceeding Rs. 1,200,000.
• Where the taxable Agriculture income exceeds Rs. 2,400,000 but does not exceed Rs. 4,800,000, the rate of income tax is Rs. 60,000 + 10% of the amount exceeding Rs. 2,400,000.
• Where the taxable Agriculture income exceeds Rs. 4,800,000, the rate of income tax is Rs. 300,000 + 15% of the amount exceeding Rs. 4,800,000.