top of page

Income Tax Calculator

How can we help you?

Income Tax Slab Rates

(FY 2019-20 / AY 2020-21)
Tax Rates

1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person:

1.1. Individual (Up to 60 years)
Taxable Income Range

Up to ₹ 2,50,000

₹ 2,50,000 to ₹ 5,00,000

₹ 5,00,000 to ₹ 10,00,000

Above ₹ 10,00,000

Rate of Income Tax

-

5%

20%

30%

1.2. Individual- Senior Citizens (Above 60 years and less than 80 years)
Taxable Income Range

Up to ₹ 3,00,000

₹ 3,00,000 to ₹ 5,00,000

₹ 5,00,000 to ₹ 10,00,000

Above ₹ 10,00,000

Rate of Income Tax

-

5%

20%

30%

1.3. Individual- Super Senior Citizens (Above 80 years)
Taxable Income Range

Up to ₹ 2,50,000

₹ 2,50,000 to ₹ 5,00,000

₹ 5,00,000 to ₹ 10,00,000

Above ₹ 10,00,000

Rate of Income Tax

-

-

20%

30%

1.4. Hindu Undivided Family (Including AOP, BOI and Artificial Juridical Person)
Taxable Income Range

Up to ₹ 2,50,000

₹ 2,50,000 to ₹ 5,00,000

₹ 5,00,000 to ₹ 10,00,000

Above ₹ 10,00,000

Rate of Income Tax

-

5%

20%

30%

1.5. Surcharge:
Taxable Income Exceeds:

₹ 50 Lakhs - ₹ 1 Crore

₹ 1 Crore - â‚¹ 2 Crores

₹ 2 Crores - â‚¹ 5 Crores

Above ₹ 5 Crores

Rate of Surcharge:

10%

15%

25%

37%

1.6. Health and Education Cess at 4% on Income Tax (including Surcharge)

2. Partnership Firm (Including LLP)

Taxable Income:

Any amount of taxable income

If total Income:

Exceeds ₹ 1 Crore

Rate of Income Tax:

30%

Rate of Surcharge:

12%

Health and Education Cess at 4% on Income Tax (including Surcharge)

3. Domestic Company (Private Limited / One Person Company / Public Company)

Domestic Company
  • Where its total turnover or gross receipt during the previous year 2017-18 does not exceed Rs. 400 crore

  • Any other domestic company

If total Income:
  • Exceeds ₹ 1 Crore but does not exceed ₹ 10 Crores

  • Exceeds  ₹ 10 Crores

Domestic Company
  • Where it opted for section 115BA

  • Where it opted for section 115BAA

  • Where it opted for section 115BAB

Normal rate of Tax:

25%

30%

Surcharge on normal rate of tax:

7%

12%

Special rate of Tax:

25%

22%

15%

Surcharge : The rate of surcharge in case of a company opting for taxability under Section 115BAA or Section 115BAB shall be flat 10% irrespective of amount of total income.
Health and Education Cess at 4% on Income Tax (including Surcharge)

4. Foreign Company

Taxable Income
  • Any amount of Taxable Income

If total Income:
  • Exceeds ₹ 1 Crore but does not exceed ₹ 10 Crores

  • Exceeds  ₹ 10 Crores

Normal rate of Tax:

50%

Surcharge on normal rate of tax:

2%

5%

Health and Education Cess at 4% on Income Tax (including Surcharge)
5. Co-operative Society
Taxable Income Range

Up to ₹ 10,000

₹ 10,000 to ₹ 20,000

Above ₹ 20,000

Rate of Income Tax

10%

20%

30%

Surcharge : The amount of income-tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees
Health and Education Cess at 4% on Income Tax (including Surcharge)
Request for Tax Planning
Name*
E-mail*
Mobile Number*
Ex. +91XXXXXXXXX
Choose the Heads of Income applicable for you*:

One or more field is not updated

Success, Our experts shall contact you

bottom of page