Residential Status for Seafarers (Merchant Navy)
Proposed changes for Seafarers in Budget,2025 Net Income Range FY 2025-26 (AY 2026-27) Upto Rs. 4,00,000 NIL From Rs. 4,00,001 to Rs. 8,00,000 5% From Rs. 8,00,001 to Rs.12,00,000 10% From Rs. 12,00,001 to Rs. 16,00,000 15% From Rs. 16,00,001 to Rs. 20,00,000 20% From Rs. 20,00,001 to Rs. 24,00,000