Income tax slab for Individuals and HUF below 60 years men and women for FY 2018-19
Income Slab | Tax Rate | Health & Education Cess |
Income upto Rs. 2,50,000 | Nil | Nil |
Rs. 2,50,000 to Rs. 5,00,000 | 5% | 4% |
Rs. 5,00,000 to Rs. 10,00,000 | 20% | 4% |
Rs. 10,00,000 above | 30% | 4% |
Surcharge
10% Surcharge for total income from Rs. 50 laksh to Rs. 1 Crore.
15% Surcharge where total income Exceeds Rs. 1 Crore
Education cess
4% Education cess on Total income tax + surcharge
Income tax slab for Senior Citizens 60 year to 80 years men and women for FY 2018-19
Income Slab | Tax Rate | Health & Education Cess |
Income upto Rs. 3,00,000 | Nil | Nil |
Rs. 3,00,000 to Rs. 5,00,000 | 5% | 4% |
Rs. 5,00,000 to Rs. 10,00,000 | 20% | 4% |
Rs. 10,00,000 above | 30% | 4% |
Surcharge
10% Surcharge for total income from Rs. 50 laksh to Rs. 1 Crore.
15% Surcharge where total income Exceeds Rs. 1 Crore
Education cess
4% Education cess on Total income tax + surcharge
Income tax slab for Senior Citizen 80 years and above men and women for FY 2018-19
Income Slab | Tax Rate | Health & Education Cess |
Income upto Rs. 2,50,000 | Nil | Nil |
Rs. 2,50,000 to Rs. 5,00,000 | Nil | Nil |
Rs. 5,00,000 to Rs. 10,00,000 | 20% | 4% |
Rs. 10,00,000 above | 30% | 4% |
Surcharge
15% Surcharge where Total Income Exceeds Rs. 1 Crore
Education cess
4% Education cess on Total income tax + surcharge
Income Tax Rate for Companies for Financial Year 2018-19 (AY 2019-2020)
Income Slab | Tax Rate | Health & Education Cess |
Turnover upto 250 Crores in Previous Year | 25% | 4% |
Turnover Exceeding 250 Crores | 30% | 4% |
Foreign Company | 40% | 4% |
Surcharge Domestic Company Income Less than Rs. 1 Crore Income Rs. 1 Crore to Rs. 10 Crore More than Rs. 10 Crore Foreign Company Income Less than Rs. 1 Crore Income Rs. 1 Crore to Rs. 10 Crore More than Rs. 10 Crore |
Nil 7% 12%
Nil 2% 5% |
Education cess
4% Education cess on Total income tax + surcharge
Income Tax on Partnership Firms for Financial Year 2018-19 (AY 2019-2020)
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% |
Surcharge
Income Exceeding Rs. 1 Crore 12%
Education cess
4% Education cess on Total income tax + surcharge
Income Tax Rate for Cooperative Societies for for Financial Year 2018-19 (AY 2019-2020)
Income Slab | Tax Rate | Health & Education Cess |
Income Tax Upto Rs. 10,000 | 10% | 4% |
Income Rs. 10,000 to Rs. 20,000 | 20% | 4% |
Income above Rs. 30,000 | 30% | 4% |
Education cess
4% Education cess on Total income tax + surcharge