Income tax Rates and Slab for Financial Year 2018-2019, Assessment Year 2019-2020 is as under:
Individuals & HUF Senior Citizens 60 - 80 years Senior Citizens 80 year above Partnership Firms Cooperative Society CompaniesIncome tax slab for Individuals below 60 years men and women and HUF for FY 2018-19
| Income Slab | Tax Rate | Surcharge | Education Cess |
| Income upto Rs. 2,50,000 | Nil | 10% Surcharge for total income from Rs. 50 laksh to Rs. 1 Crore. 15% Surcharge where total income Exceeds Rs. 1 Crore |
4% Education cess on Total income tax + surcharge |
| Rs. 2,50,000 to Rs. 5,00,000 | 5% | ||
| Rs. 5,00,000 to Rs. 10,00,000 | 20% | ||
| Rs. 10,00,000 above | 30% |
Income tax slab for Senior Citizens 60 year to 80 years men and women for FY 2018-19
| Income Slab | Tax Rate | Surcharge | Education Cess |
| Income upto Rs. 3,00,000 | Nil | 10% Surcharge for total income from Rs. 50 laksh to Rs. 1 Crore. 15% Surcharge where total income Exceeds Rs. 1 Crore |
4% Education cess on Total income tax + surcharge |
| Rs. 3,00,000 to Rs. 5,00,000 | 5% | ||
| Rs. 5,00,000 to Rs. 10,00,000 | 20% | ||
| Rs. 10,00,000 above | 30% |
| Income Slab | Tax Rate | Surcharge | Health & Education Cess |
| Upto Rs. 2,50,000 | Nil | 10% Surcharge for total income from Rs. 50 laksh to Rs. 1 Crore. 15% Surcharge where total income Exceeds Rs. 1 Crore |
4% Education cess on Total income tax + surcharge |
| Rs. 2,50,000 to Rs. 5,00,000 | Nil | ||
| Rs. 5,00,000 to Rs. 10,00,000 | 20% | ||
| Rs. 10,00,000 above | 30% |
| Income Slab | Tax Rate | Health & Education Cess |
| Income Tax Rate | 30% | 4% |
| Surcharge Income Less than Rs. 1 Crore More than Rs. 1 Crore |
Nil 12% |
| Income Slab | Tax Rate | Health & Education Cess |
| Income Tax Upto Rs. 10,000 | 10% | 4% Education cess on Total income tax + surcharge |
| Income Rs. 10,000 to Rs. 20,000 | 20% | |
| Income above Rs. 30,000 | 30% |
| Income Slab | Tax Rate | Health & Education Cess |
| Turnover upto 250 Crores in Previous Year | 25% | 4% Education cess on Total income tax + surcharge |
| Turnover Exceeding 250 Crores | 30% | |
| Foreign Company | 40% | |
| Surcharge Domestic Company Income Less than Rs. 1 Crore Income Rs. 1 Crore to Rs. 10 Crore More than Rs. 10 Crore |
Nil 7% 12%
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Foreign Company Income Less than Rs. 1 Crore Income Rs. 1 Crore to Rs. 10 Crore More than Rs. 10 Crore |
Nil 2% 5%
|
Income Tax Rates Financial Year 2019-2020, Assessment Year 20-21 in India
NRI Payment TDS Rates FY 2018-19
Income tax Rate in India FY 2018-19
Income Tax Rate FY 2017-18 India
TDS Rate FY 2017-18, AY 2018-2019
India Income Tax Rates FY 2016-17
Income Tax Exemptions for FY 2016-17
TDS Rates FY 2016-17 AY 2017-18