As per the income tax regulations for the year 2024-2025, the following tax rates and slabs apply to Small & Medium Enterprises (SMEs):

• For annual turnover not exceeding Rs. 100 million:
  Opting NTR: 7.5% of taxable income
  Opting FTR: 0.25% of gross turnover
• For annual turnover exceeding Rs. 100 million but not exceeding Rs. 250 million:
  Opting NTR: 15% of taxable income
  Opting FTR: 0.5% of gross turnover
• NTR or FTR, once opted, will remain irrevocable for the next 3 years.