| |
|
|
| |
|
|
Rates of Income Tax
Assessment year : 2018 - 19
Previous year : 2017 - 18
|
| 1. For resident Senior Citizens. (Age above 60 Years) |
| Up to Rs 3,00,000 |
Nil |
| Rs. 3,00,001 to Rs. 5,00,000 |
5% |
| Rs. 5,00,001 to Rs. 10,00,000 |
20% |
| Above Rs. 10,00,000 |
30% |
|
| 2. For resident Super Senior Citizens. (Age above 80 Years) |
| Up to Rs 5,00,000 |
Nil |
| Rs. 5,00,001 to Rs. 10,00,000 |
20% |
| Above Rs. 10,00,000 |
30% |
|
| 3. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies). |
| Upto Rs. 2,50,000 |
Nil |
| Rs. 2,50,001 to Rs. 5,00,000 |
5% |
| Rs. 5,00,001 to Rs 10,00,000 |
20% |
| Above Rs. 10,00,000 |
30% |
|
| Note: Rebate u/s 87A is added from Finance Act 2013, in which resident individuals are allowed rebate (if their taxable income does not exceed Rs. 3.5 lakh) equal to 100% of income tax or Rs. 2,500 whichever less. |
|
Surcharge :
10% for Individual having taxable Income exceeding 50 Lacs upto 1 Crore
15% for Individual having taxable Income exceeding 1 Crore
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge
Long-Term Capital Gains: 20% on income-tax plus surcharge.
Short-Term Capital Gains u/s 111A:15% on income-tax plus surcharge.
|
| Firms |
Income tax : 30%.
Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore.
Education Cess : 2% on income-tax plus surcharge
Secondary and Higher Education cess : 1% on income-tax plus surcharge
|
| Companies |
|
(A) Domestic Companies
Income tax : 30% (25% if turnover or gross receipt does not exceed Rs.50 Crore)
Surcharge: 7% if the taxable income exceeds Rs. 1 crore & 12% if the taxable income exceeds 10 crores
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge
|
| (B) Foreign Companies |
| Income tax : |
40% (in general ) |
| Surcharge : |
2% if the taxable income exceeds Rs. 1 crore & 5% if the taxable income exceeds 10 crores |
| Education Cess : |
2% on income-tax plus surcharge |
| Secondary and Higher Education cess : |
1% on income-tax plus surcharge |
|
| Cooperative Societies |
| Upto Rs. 10,000 |
10% |
| Rs. 10,001 to Rs. 20,000 |
20% |
| Rs. 20,001 to Above |
30% |
|
|
Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore.
Education Cess : 2% on income-tax.
Secondary And Higher EducationCess : 1% on income tax plus surcharge
|
| Local Authorities |
|
Income tax : 30%.
Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge
|
Assessment year : 2017 - 18
Previous year : 2016 - 17 | | 1. For resident Senior Citizens. (Age above 60 Years) | | Up to Rs 3,00,000 | Nil | | Rs. 3,00,001 to Rs. 5,00,000 | 10% | | Rs. 5,00,001 to Rs. 10,00,000 | 20% | | Above Rs. 10,00,000 | 30% |
| | 2. For resident Super Senior Citizens. (Age above 80 Years) | | Up to Rs 5,00,000 | Nil | | Rs. 5,00,001 to Rs. 10,00,000 | 20% | | Above Rs. 10,00,000 | 30% |
| | 3. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies). | | Upto Rs. 2,50,000 | Nil | | Rs. 2,50,001 to Rs. 5,00,000 | 10% | | Rs. 5,00,001 to Rs 10,00,000 | 20% | | Above Rs. 10,00,000 | 30% |
| | Note: Rebate u/s 87A is added from Finance Act 2013, in which resident individuals are allowed rebate (if their taxable income does not exceed Rs. 5 lakh) equal to 100% of income tax or Rs. 5000 whichever less. | Surcharge : 15% for Individual having taxable Income exceeding 1 Crore Education Cess : 2% on income-tax plus surcharge. Secondary and Higher Education cess : 1% on income-tax plus surcharge Long-Term Capital Gains: 20% on income-tax plus surcharge. Short-Term Capital Gains u/s 111A:15% on income-tax plus surcharge. | | Firms | Income tax : 30%. Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore. Education Cess : 2% on income-tax plus surcharge Secondary and Higher Education cess : 1% on income-tax plus surcharge | | Companies | (A) Domestic Companies Income tax : 30% (29% if turnover or gross receipt does not exceed Rs.5 Crore) Surcharge: 7% if the taxable income exceeds Rs. 1 crore & 12% if the taxable income exceeds 10 crores Education Cess: 2% on income-tax plus surcharge. Secondary and Higher Education cess : 1% on income-tax plus surcharge | | (B) Foreign Companies | | Income tax : | 40% (in general ) | | Surcharge : | 2% if the taxable income exceeds Rs. 1 crore & 5% if the taxable income exceeds 10 crores | | Education Cess : | 2% on income-tax plus surcharge | | Secondary and Higher Education cess : | 1% on income-tax plus surcharge |
| | Cooperative Societies | | Upto Rs. 10,000 | 10% | | Rs. 10,001 to Rs. 20,000 | 20% | | Rs. 20,001 to Above | 30% |
| Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore. Education Cess : 2% on income-tax. Secondary And Higher EducationCess : 1% on income tax plus surcharge | | Local Authorities | Income tax : 30%. Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore Education Cess : 2% on income-tax plus surcharge. Secondary and Higher Education cess : 1% on income-tax plus surcharge |
Rates Of Income Tax (Assessment year : 2016 - 17, P.Y-2015-16)
Rates Of Income Tax (Assessment year : 2015 - 16, P.Y-2014-15)
Rates Of Income Tax (Assessment year : 2014 - 15, P.Y-2013-14)
Rates Of Income Tax (Assessment year : 2012 - 13 & 2013-14, P.Y-2011-12 & 2012-13)
|
|
|
|
|
| |
|
|
|