What Is The Tax Rate For 1099 Income 2025. As the 2025 tax season approaches, independent contractors must ensure that they file their taxes correctly, particularly by submitting form 1099. Your taxable income, which is your gross income.

Your income tax slab in the old tax regime will be between rs 5 lakh and rs 10 lakh. The income tax slab in india specify the applicable rates for different income brackets and vary based on residential.