Income Tax Rates
Home / Income Tax Rates| Assessment Year : 2019-20 Financial Year : 2018-19 | ||
| IND/ HUF/ AOP/ BOI | ||
| Basic Exemption | 250000 | |
| Tax Rate | ||
| Upto | 500000 | 5% |
| Upto | 800000 | 20% |
| Upto | 1000000 | 20% |
| Above | 1000000 | 30% |
| Surcharge | ||
| [if net income exceeds Rs. 50 Lakhs, but Less than Rs. 1 Crore] | 10% | |
| [if net income exceeds Rs. 1 Crore] | 15% | |
| Cess | 4% | |
| Basic Exemption - for | Age | |
| Very Senior Citizen | 80 & above | 500000 |
| Senior Citizen | 60-80 | 300000 |
| Women | Belwo 60 | 250000 |
| Firm/ LLP | ||
| Tax Rate | 30% | |
| Surcharge | ||
| [if net income exceeds Rs. 1 Crore] | 12% | |
| AMT for LLP - % of Book Profit u/s 115JC | 18.50% | |
| Cess | 4% | |
| Domestic Company | ||
| Tax Rate | 30% / 25% | |
| (AY 17-18 Company having T/O not exceeding 5 Cr in PY 2014-15 @ 29%) (AY 18-19 Company having T/O not exceeding 50 Cr in PY 2015-16 @ 25%) (AY 19-20 Company having turnover exceeding 250 Cr in PY 2016-17 –Tax @25%) |
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| Surcharge | ||
| Total income exceeding Rs. 1 Crore but upto Rs. 10 Cr. | 7% | |
| Total income exceeding Rs. 10 cr. | 12% | |
| MAT - % of Book Profit u/s 115JB | 18.50% | |
| Dividend Tax u/s 115-O | 15% | |
| Surcharge | 12% | |
| Cess | 4% | |