The Government of Assam on August 14, 2026, issued a notification regarding the revised Agricultural Income Tax Rates (AY 2027-28).
The following has been stated: -
•The Government of Assam, through its Finance (Taxation) Department, issued an extraordinary notification modifying the tax rates under the Assam Agricultural Income Tax Act, 1939.
•Under the revised schedule, companies and individual taxpayers will pay no tax on their first ₹10 lakh of total agricultural income.
•For individuals, subsequent income blocks are taxed progressively at 10%, 20%, and 25%, while company income exceeding ₹10 lakh is taxed at a flat rate of 25%.
•Signed by Commissioner & Secretary Virendra Mittal, these updated rates officially take effect starting from the Assessment Year 2027-28.
The detailed notification is given in the document below.
[Notification No.: eCF No.77699/486]
