Income Tax Slab Rate, Income Tax rate, Income Tax slab rate FY 2018-2019, Income Tax Slab Rate FY 2019-18, Income Tax Slab Rate FY 2017-2018

Income Tax Slab & Rate for Financial Year 2019-20, 18-19 & 17-18

Categories of individual taxpayers:
1. Individuals below the age of 60 years which includes residents as well as non-residents
2.Resident Senior citizens 60 years and above but below 80 years of age
3.Resident Super senior citizens above 80 years of age

Income Tax Slabs Rates for FY 2019-20(AY 20-21)

Income Tax Slabs for Individual Tax Payers / HUF (Less Than 60 Years Old) for FY 2019-20

Income Tax Slabs for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2019-20
Income Tax SlabsTax RateHealth and Education Cess
Up to ₹2,50,000*NilNil
₹2,50,001 to ₹5,00,0005% of total income exceeding ₹2,50,000 4%
₹5,00,001 to ₹10,00,000₹12,500 + 20% of total income exceeding ₹5,00,000 4%
Above ₹10,00,000 ₹1,12,500 + 30% of total income exceeding ₹10,00,000 4%

The surcharge is levied as follows:

Surcharge: 10% of income tax, where the total income exceeds Rs.50 lakh up to Rs.1 Cr.

Surcharge: 15% of the income tax, where the total income exceeds Rs.1 crore.

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2019-20

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2019-20
Income Tax Slabs Tax Rate Health and Education Cess
Income up to Rs 3,00,000* No tax
Income from Rs 3,00,000 – Rs 5,00,000 5% 4% of Income Tax
Income from Rs 5,00,000 – 10,00,000 20% 4% of Income Tax
Income more than Rs 10,00,000 30% 4% of Income Tax

The surcharge is levied as follows:

Surcharge: 10% of income tax, where the total income exceeds Rs.50 lakh up to Rs.1 Cr.

Surcharge: 15% of the income tax, where the total income exceeds Rs.1 crore.

Income Tax Slabs for Super Senior Citizens(80 Years Old Or More) for FY 2019-20

Income Tax Slabs for Super Senior Citizens(80 Years Old Or More) for FY 2019-20
Income Tax Slabs Tax Rate Health and Education Cess
Income up to Rs 5,00,000* No tax
Income from Rs 5,00,000 – 10,00,000 20% 4% of Income Tax
Income more than Rs 10,00,000 30% 4% of Income Tax

The surcharge is levied as follows:

Surcharge: 10% of income tax, where the total income exceeds Rs.50 lakh up to Rs.1 Cr.

Surcharge: 15% of the income tax, where the total income exceeds Rs.1 crore.

Income Tax Slabs for Domestic Companies for FY 2019-20

Income Tax Slabs for Domestic Companies for FY 2019-20
Turnover Particulars Tax Rate
Gross turnover upto 250 Cr. in the previous year 25%
Gross turnover exceeding 250 Cr. in the previous year 30%

Cess and surcharge are levied as follows:

Cess: 4% of corporate tax

Surcharge: Taxable income is more than 1Cr but less than 10Cr.: 7%. Taxable income is more than 10Cr. :12%

Income Tax Slabs Rates for FY 2018-19(AY 19-20)

Income Tax Slabs for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2018-19

Income Tax Slabs for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2018-19
Income Tax SlabsTax RateHealth and Education Cess
Up to ₹2,50,000*NilNil
₹2,50,001 to ₹5,00,0005% of total income exceeding ₹2,50,000 4%
₹5,00,001 to ₹10,00,000₹12,500 + 20% of total income exceeding ₹5,00,000 4%
Above ₹10,00,000 ₹1,12,500 + 30% of total income exceeding ₹10,00,000 4%

The surcharge is levied as follows:

Surcharge: 10% of income tax, where the total income exceeds Rs.50 lakh up to Rs.1 Cr.

Surcharge: 15% of the income tax, where the total income exceeds Rs.1 crore.

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2018-19

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2018-2019
Income Tax Slabs Tax Rate Health and Education Cess
Income up to Rs 3,00,000* No tax
Income from Rs 3,00,000 – Rs 5,00,000 5% 4% of Income Tax
Income from Rs 5,00,000 – 10,00,000 20% 4% of Income Tax
Income more than Rs 10,00,000 30% 4% of Income Tax

The surcharge is levied as follows:

Surcharge: 10% of income tax, where the total income exceeds Rs.50 lakh up to Rs.1 Cr.

Surcharge: 15% of the income tax, where the total income exceeds Rs.1 crore.

Income Tax Slabs for Super Senior Citizens(80 Years Old Or More) for FY 2018-19

Income Tax Slabs for Super Senior Citizens(80 Years Old Or More) for FY 2018-2019
Income Tax Slabs Tax Rate Health and Education Cess
Income up to Rs 5,00,000* No tax
Income from Rs 5,00,000 – 10,00,000 20% 4% of Income Tax
Income more than Rs 10,00,000 30% 4% of Income Tax

The surcharge is levied as follows:

Surcharge: 10% of income tax, where the total income exceeds Rs.50 lakh up to Rs.1 Cr.

Surcharge: 15% of the income tax, where the total income exceeds Rs.1 crore.

Income Tax Slabs for Domestic Companies for FY 2018-19

Income Tax Slabs for Domestic Companies for FY 2018-19
Turnover Particulars Tax Rate
Gross turnover upto 250 Cr. in the previous year 25%
Gross turnover exceeding 250 Cr. in the previous year 30%

Cess and surcharge are levied as follows:

Cess: 4% of corporate tax

Surcharge: Taxable income is more than 1Cr but less than 10Cr.: 7%. Taxable income is more than 10Cr. :12%

Income Tax Slabs Rates for FY 2017-18(AY 18-19)

Income Tax Slabs for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2017-18

Income Tax Slabs for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2017-18
Income Tax SlabsTax RateHealth and Education Cess
Up to ₹2,50,000*No Tax
₹2,50,000 to ₹5,00,0005% 3% of Income Tax
₹5,00,000 to ₹10,00,00020% 3% of Income Tax
Above ₹10,00,000 30% 3% of Income Tax

The surcharge is levied as follows:

Surcharge: 10% of income tax, where the total income exceeds Rs.50 lakh up to Rs.1 Cr.

Surcharge: 15% of the income tax, where the total income exceeds Rs.1 crore.

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2017-18

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2017-2018
Income Tax Slabs Tax Rate Health and Education Cess
Income up to Rs 3,00,000* No tax
Income from Rs 3,00,000 – Rs 5,00,000 5% 3% of Income Tax
Income from Rs 5,00,000 – 10,00,000 20% 3% of Income Tax
Income more than Rs 10,00,000 30% 3% of Income Tax

The surcharge is levied as follows:

Surcharge: 10% of income tax, where the total income exceeds Rs.50 lakh up to Rs.1 Cr.

Surcharge: 15% of the income tax, where the total income exceeds Rs.1 crore.

Income Tax Slabs for Super Senior Citizens(80 Years Old Or More) for FY 2017-18

Income Tax Slabs for Super Senior Citizens(80 Years Old Or More) for FY 2017-2018
Income Tax Slabs Tax Rate Health and Education Cess
Income up to Rs 5,00,000* No tax
Income from Rs 5,00,000 – 10,00,000 20% 3% of Income Tax
Income more than Rs 10,00,000 30% 3% of Income Tax

The surcharge is levied as follows:

Surcharge: 10% of income tax, where the total income exceeds Rs.50 lakh up to Rs.1 Cr.

Surcharge: 15% of the income tax, where the total income exceeds Rs.1 crore.

Income Tax Slabs for Domestic Companies for FY 2017-18

Income Tax Slabs for Domestic Companies for FY 2017-18
Turnover Particulars Tax Rate
Gross turnover upto 50 Cr. in the previous year 2015-2016 25%
Gross turnover exceeding 50 Cr. in the previous year 2015-201630%

Cess and surcharge are levied as follows:

Cess: 3% of corporate tax

Surcharge: Taxable income is more than 1Cr but less than 10Cr.: 7%. Taxable income is more than 10Cr. :12%

Income Tax Slabs Rates for FY 2016-17(AY 17-18)

Income Tax Slabs for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2016-17

Income Tax Slabs for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2016-17
Income Tax SlabsTax Ratee-Filing Tax Returns
Up to ₹2,50,000*No Tax
₹2,50,000 to ₹5,00,00010% 31st March 2018 is the last date to file tax returns.
₹5,00,000 to ₹10,00,00020%
Above ₹10,00,000 30%

The Cess and surcharge are levied as follows:

Surcharge: 15% of income tax, where total income exceeds Rs.1 crore.

Higher education and secondary cess: 3% of Income Tax.

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2016-17

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2016-2017
Income Tax Slabs Tax Rate e-Filing Tax Returns
Income up to Rs 3,00,000* No tax
Income from Rs 3,00,000 – Rs 5,00,000 10% 31st March 2018 is the last date to file tax returns.
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%

The Cess and surcharge are levied as follows:

Surcharge: 15% of income tax, where total income exceeds Rs.1 crore.

Higher education and secondary cess: 3% of Income Tax.

Income Tax Slabs for Super Senior Citizens(80 Years Old Or More) for FY 2016-17

Income Tax Slabs for Super Senior Citizens(80 Years Old Or More) for FY 2016-2017
Income Tax Slabs Tax Rate e-Filing Tax Returns
Income up to Rs 5,00,000* No tax
Income from Rs 5,00,000 – 10,00,000 20% 31st March 2018 is the last date to file tax returns.
Income more than Rs 10,00,000 30%

The Cess and surcharge are levied as follows:

Surcharge: 15% of the income tax, where the total income exceeds Rs.1 crore.

Higher education and secondary cess: 3% of Income Tax.

Income Tax Slabs for Domestic Companies for FY 2016-17

Income Tax Slabs for Domestic Companies for FY 2016-17
Turnover Particulars Tax Rate
Gross turnover upto 5 Cr. in the previous year 2014-1529%
Gross turnover exceeding 5 Cr. in the previous year 2014-1530%

Cess and surcharge are levied as follows:

Cess: 3% of corporate tax

Surcharge: Taxable income is more than 1Cr but less than 10Cr.: 7%. Taxable income is more than 10Cr. :12%

Income Tax Slabs Rates for FY 2015-16(AY 16-17)

Income Tax Slabs for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2015-16

Income Tax Slabs for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2015-16
Income Tax SlabsTax Ratee-Filing Tax Returns
Up to ₹2,50,000*No Tax
₹2,50,000 to ₹5,00,00010% 31st March 2018 is the last date to file tax returns.
₹5,00,000 to ₹10,00,00020%
Above ₹10,00,000 30%

The Cess and surcharge are levied as follows:

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

Higher education and secondary cess: 3% of Income Tax.

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2015-16

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2015-2016
Income Tax Slabs Tax Rate e-Filing Tax Returns
Income up to Rs 3,00,000* No tax
Income from Rs 3,00,000 – Rs 5,00,000 10% 31st March 2018 is the last date to file tax returns.
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%

The Cess and surcharge are levied as follows:

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

Higher education and secondary cess: 3% of Income Tax.

Income Tax Slabs for Super Senior Citizens(80 Years Old Or More) for FY 2015-16

Domestic companies are taxable are at 30%.

In addition, cess and surcharge are levied as follows:

Cess: 3% of corporate tax
Surcharge: Taxable income is more than 1Cr. but less than 10Cr.: 7%. Taxable income is more than 10Cr. :12%

Income Tax Slabs for Domestic Companies for FY 2015-16

Income Tax Slabs for Domestic Companies for FY 2016-17
Turnover Particulars Tax Rate
Gross turnover upto 5 Cr. in the previous year 2014-1529%
Gross turnover exceeding 5 Cr. in the previous year 2014-1530%

Cess and surcharge are levied as follows:

Cess: 3% of corporate tax

Surcharge: Taxable income is more than 1Cr but less than 10Cr.: 7%. Taxable income is more than 10Cr. :12%