The applicable tax rate for an LLP is determined by its yearly income and the tax regulations of the jurisdiction in which it operates. In India, LLPs are liable to the partnership tax rate, which is normally the same as individual income tax rates. LLPs are "pass-through" businesses, which means that the LLP's revenue is taxed in the hands of the partners depending on their share of profits. The tax rate for LLPs may fluctuate from year to year due to changes in tax regulations and the government's income slabs. To ascertain the particular tax rates applicable, LLPs should engage with tax advisors or obtain information from the appropriate tax authorities.