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Income Tax Calculator
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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 - ₹ 2 Crores
₹ 2 Crores - ₹ 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)
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