Scribd Logo
Upload

Welcome to Scribd!

  • Income Tax Slabs Tax Rate

    Uploaded by

    suyash dugar
    12 views7 pages
    The document outlines income tax slabs and rates for the assessment year 2018-2019 for various entities. It provides tax rates for individual residents and non-residents of different age groups, HUFs/AOPs/BOIs, domestic and foreign companies, cooperative societies, and firms. Tax rates range from nil to 40% depending on the total income and entity type. Surcharge and education cess are also applicable in some cases.

    Original Description:

    Original Title

    Untitled

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document outlines income tax slabs and rates for the assessment year 2018-2019 for various entities. It provides tax rates for individual residents and non-residents of different age groups, HUFs/AOPs/BOIs, domestic and foreign companies, cooperative societies, and firms. Tax rates range from nil to 40% depending on the total income and entity type. Surcharge and education cess are also applicable in some cases.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views7 pages

    Income Tax Slabs Tax Rate

    Uploaded by

    suyash dugar
    The document outlines income tax slabs and rates for the assessment year 2018-2019 for various entities. It provides tax rates for individual residents and non-residents of different age groups, HUFs/AOPs/BOIs, domestic and foreign companies, cooperative societies, and firms. Tax rates range from nil to 40% depending on the total income and entity type. Surcharge and education cess are also applicable in some cases.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    SLAB RATES FOR THE AY 2018-2019-

    (I) INDIVIDUAL
    (A) Resident And Non-resident Aged Below 60 Years

    INCOME TAX SLABS TAX RATE

    INCOME UPTO Rs. 2,50,000 NIL

    Rs. 2,50,001 - Rs. 5,00,000 5%

    Rs.5,00,001 – Rs. 10,00,000 20%

    INCOME MORE THAN 10,00,000 30%

    Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh up to Rs.1 crore.
    Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore.
    Education Cess : 3% (Primary + Secondary) of tax + surcharge
    (B) Senior Citizens- Residents aged 60 years and more but below 80 years

    INCOME TAX SLAB TAX RATE

    INCOME UP TO Rs. 3,00,000 NIL

    Rs. 3,00,001 – 5,00,000 5%

    Rs.5,00,001 – 10,00,000 20%

    INCOME MORE THAN RS.10,00,000 30%

    Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh up to Rs.1 crore.
    Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore.
    Education Cess : 3% (Primary + Secondary) of tax + surcharge
    (C) Super Senior Citizens- Residents aged 80 years and more

    INCOME TAX SLAB TAX RATE

    INCOME UP TO Rs. 5,00,000 NIL

    Rs. 5,00,001 -10,00,000 20%

    INCOME MORE THAN 10,00,000 30%

    Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh up to Rs.1 crore.
    Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore.
    Education Cess : 3% (Primary + Secondary) of tax + surcharge
    SLAB RATES FOR THE AY 2018-2019-
    (II) huf/ aop/ boi/any other artificial juridical person
    INCOME TAX SLABS TAX RATE

    INCOME UPTO Rs. 2,50,000 NIL

    Rs. 2,50,001 - Rs. 5,00,000 5%

    Rs.5,00,001 – Rs. 10,00,000 20%

    INCOME MORE THAN 10,00,000 30%


    Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh up to Rs.1 crore.
    Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore.
    Education Cess : 3% (Primary + Secondary) of tax + surcharge
    SLAB RATES FOR THE AY 2018-2019-
    (III)company- (a) Domestic Company

    INCOME TAX SLAB TAX RATE

    TURNOVER OR GROSS RECEIPT 25%


    NOT EXCEEDING 50 CRORES

    TURNOVER OR GROSS RECEIPT EXCEEEDING 30%


    50 CRORES

    Surcharge: 7% of tax where total income exceeds Rs. 1 crore


                            12% of tax where total income exceeds Rs. 10 crore
    & Education cess: 3% of tax plus surcharge 
    SLAB RATES FOR THE AY 2018-2019-
    (III)company- (B) FOREIGN Company

    A Foreign company is taxable 40% irrespective of the income.

    Surcharge: 2% of tax where total income exceeds Rs. 1 crore


                    5% of tax where total income exceeds Rs. 10 crore
    Education cess: 3% of tax plus surcharge
    SLAB RATES FOR THE AY 2018-2019-
    (IV)co-operative society

    UP TO 10,000 10%

    Rs.10,000 – 20,000 20%

    ABOVE 20,000 30%

    Surcharge: 12% of tax where total income exceeds Rs. 1 crore


    Education cess: 3% of tax plus surcharge 

    (V) FIRMS(including LLP) AND LOCAL AUTHORITY –TAXABLE AT 30%


    Surcharge: 12% of tax where total income exceeds Rs. 1 crore
    Education cess: 3% of tax plus surcharge 

    You might also like