What is professional income under Income Tax?

Professional income is income earned from specialized services requiring skill, expertise, or certification, such as doctors, lawyers, and chartered accountants.

Which professions qualify under Section 44ADA?

Professions like legal, medical, engineering, architecture, accountancy, technical consultancy, interior decoration, and authorized representatives qualify under Section 44ADA if receipts are under ₹50 lakh.

Do all professionals need to file ITR-3?

Yes, professionals earning income under taxable heads must file ITR-3 if they are eligible, except if opting for presumptive taxation under Section 44ADA with receipts under ₹50 lakh.

Income Tax Slabs for Assessment Year 2025-26 (FY 2024-25)

You asked for the salary slabs for Assessment Year 2025-26, so here are the current and accurate income tax slabs:

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New Tax Regime (Default Regime U/s - 115BAC) - AY 2025-26

Income Slab	Tax Rate
Up to ₹3,00,000	0% (Nil)
₹3,00,001 - ₹7,00,000	5%
₹7,00,001 - ₹10,00,000	10%
₹10,00,001 - ₹12,00,000	15%
₹12,00,001 - ₹15,00,000	20%
Above ₹15,00,000	30%

Key Benefits:

Rebate under Section 87A: Up to ₹25,000 for income up to ₹7 lakh
Standard Deduction: ₹75,000 (increased from ₹50,000)
Zero Tax: Effectively no tax for income up to ₹7 lakh due to rebate

Old Tax Regime - AY 2025-26

Income Slab	Tax Rate
Up to ₹2,50,000	0% (Nil)
₹2,50,001 - ₹5,00,000	5%
₹5,00,001 - ₹10,00,000	20%
Above ₹10,00,000	30%

Key Benefits:

Rebate under Section 87A: Up to ₹12,500 for income up to ₹5 lakh
Standard Deduction: ₹50,000
Multiple Deductions Available: 80C, 80D, HRA, etc.

Senior Citizens (60-80 years) - Old Regime Only

Income Slab	Tax Rate
Up to ₹3,00,000	0% (Nil)
₹3,00,001 - ₹5,00,000	5%
₹5,00,001 - ₹10,00,000	20%
Above ₹10,00,000	30%

<<FEMA>>

Super Senior Citizens (80+ years) - Old Regime Only

Income Slab	Tax Rate
Up to ₹5,00,000	0% (Nil)
₹5,00,001 - ₹10,00,000	20%
Above ₹10,00,000	30%

Important Points for AY 2025-26:

New Tax Regime is Default: You don't need to opt for it - it applies automatically
Option to Switch: Salaried individuals can choose between regimes each year
Business Income: Can switch only once in lifetime (and revert only once)
Enhanced Standard Deduction: Now ₹75,000 under the new regime
Better Tax Slabs: The New regime has more progressive slabs

Which Regime Should You Choose?

Choose New Regime if:

You have minimal deductions
Your salary is between ₹7-15 lakh
You prefer simplicity

Choose Old Regime if:

You have high deductions (80C, HRA, home loan interest)
You're claiming multiple exemptions
Total deductions exceed ₹1.5 lakh

The tax slabs I've provided are the official rates for the Assessment Year 2025-26 as per the Income Tax Department. Make sure to calculate under both regimes to see which benefits you more!