Tax Slab for Others than Individual or HUF for last 7 years

Tax Slab

Know Tax Slab for  Individuals  NRI  HUF,  Domestic, Local Authorities, Foreign companies, Firms (including LLP)

Tax Slab for Others than Individual or HUF for last 7 years

Tax Slab

  1. FY 2017-18 (AY 2018-19): 

    Tax Slab For Firms (including LLP)

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% 12% 2% 1%

Surcharge is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.


Tax Slab For Local Authorities

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% 12% 2% 1%

Surcharge is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.

          For Domestic companies

Income Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
Up to Rs. 50 crore 25% 7% for income between Rs. 1 crore & Rs. 10 crore 2% 1%
Above Rs. 50 crore 30% 12% for income exceeding Rs. 10 crore 2% 1%

For income between Rs. 1 crore & Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 1 crore.

For income exceeding Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 10 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge. 


Tax Slab For Foreign companies

Tax Rate Surcharge

 

Education Cess Secondary & Higher Education Cess
Income between Rs. 1 crore & Rs. 10 crore Income above Rs. 10 crore
50% on royalty received from Government or Indian Concern 2% 5% 2% 1%
40% on any other income 2% 5% 2% 1%

For income between Rs. 1 crore & Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 1 crore.

For income exceeding Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 10 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.


For Co-operative societies

Income Tax Rate Education Cess Secondary & Higher Education Cess
Up to Rs. 10000 10% 2% 1%
Rs. 10000- Rs. 20000 20% 2% 1%
Above Rs. 20000 30% 2% 1%

Surcharge at 12% is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.

 

  1. FY 2016-17 (AY 2017-18):

    For Firms (including LLP)

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% 12% 2% 1%

Surcharge is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess is applicable only when income exceeds Rs. 1 crore & the surcharge rate is 2% of income tax plus surcharge.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.


For Local Authorities

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% 12% 2% 1%

Surcharge is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.

          Tax Slab For Domestic companies

Income Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
Up to Rs. 5 crore 29% 7% for income between Rs. 1 crore & Rs. 10 crore 2% 1%
Above Rs. 5 crore 30% 12% for income exceeding Rs. 10 crore 2% 1%

For income between Rs. 1 crore & Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 1 crore.

For income exceeding Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 10 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.

         For Foreign companies

Tax Rate Surcharge

 

Education Cess Secondary & Higher Education Cess
Income between Rs. 1 crore & Rs. 10 crore Income above Rs. 10 crore
50% on royalty received from Government or Indian Concern 2% 5% 2% 1%
40% on any other income 2% 5% 2% 1%

For income between Rs. 1 crore & Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 1 crore.

For income exceeding Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 10 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge. 


For Co-operative societies

Income Tax Rate Education Cess Secondary & Higher Education Cess
Up to Rs. 10000 10% 2% 1%
Rs. 10000- Rs. 20000 20% 2% 1%
Above Rs. 20000 30% 2% 1%

Surcharge at 12% is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.

 

  1. FY 2015-16 (AY 2016-17):

    Tax Slab For Firms (including LLP)

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% 12% 2% 1%

Surcharge is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess is applicable only when income exceeds Rs. 1 crore & the surcharge rate is 2% of income tax plus surcharge.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.


Tax Slab For Local Authorities

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% 10% 2% 1%

Surcharge is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.

 For Domestic companies

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
 

 

30%

7% for income between Rs. 1 crore & Rs. 10 crore 2% 1%
12% for income exceeding Rs. 10 crore 2% 1%

For income between Rs. 1 crore & Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 1 crore.

For income exceeding Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 10 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.


For Foreign companies

Tax Rate Surcharge

 

Education Cess Secondary & Higher Education Cess
Income between Rs. 1 crore & Rs. 10 crore Income above Rs. 10 crore
50% on royalty received from Government or Indian Concern 2% 5% 2% 1%
40% on any other income 2% 5% 2% 1%

For income between Rs. 1 crore & Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 1 crore.

For income exceeding Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 10 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.


For Co-operative societies

Income Tax Rate Education Cess Secondary & Higher Education Cess
Up to Rs. 10000 10% 2% 1%
Rs. 10000- Rs. 20000 20% 2% 1%
Above Rs. 20000 30% 2% 1%

Surcharge at 12% is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.

 

  1. FY 2014-15 (AY 2015-16):

    Tax Slab For Firms (including LLP)

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% 10% 2% 1%

Surcharge is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess is applicable only when income exceeds Rs. 1 crore & the surcharge rate is 2% of income tax plus surcharge.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.


For Local Authorities

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% 10% 2% 1%

Surcharge is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.

 

         For Domestic companies

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
 

 

30%

5% for income between Rs. 1 crore & Rs. 10 crore 2% 1%
10% for income exceeding Rs. 10 crore 2% 1%

For income between Rs. 1 crore & Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 1 crore.

For income exceeding Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 10 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge. 


Tax Slab For Foreign companies

Tax Rate Surcharge

 

Education Cess Secondary & Higher Education Cess
Income between Rs. 1 crore & Rs. 10 crore Income above Rs. 10 crore
50% on royalty received from Government or Indian Concern 2% 5% 2% 1%
40% on any other income 2% 5% 2% 1%

For income between Rs. 1 crore & Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 1 crore.

For income exceeding Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 10 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge. 


For Co-operative societies

Income Tax Rate Education Cess Secondary & Higher Education Cess
Up to Rs. 10000 10% 2% 1%
Rs. 10000- Rs. 20000 20% 2% 1%
Above Rs. 20000 30% 2% 1%

Surcharge at 10% is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.

 

  1. FY 2013-14 (AY 2014-15):

    Tax Slab For Firms (including LLP)

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% 10% 2% 1%

Surcharge is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge 


Tax Slab For Local Authorities

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% 10% 2% 1%

Surcharge is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.

 

         Tax Slab For Domestic companies

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
 

 

30%

5% for income between Rs. 1 crore & Rs. 10 crore 2% 1%
10% for income exceeding Rs. 10 crore 2% 1%

For income between Rs. 1 crore & Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 1 crore.

For income exceeding Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 10 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.


For Foreign companies

Tax Rate Surcharge

 

Education Cess Secondary & Higher Education Cess
Income between Rs. 1 crore & Rs. 10 crore Income above Rs. 10 crore
50% on royalty received from Government or Indian Concern 2% 5% 2% 1%
40% on any other income 2% 5% 2% 1%

For income between Rs. 1 crore & Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 1 crore.

For income exceeding Rs. 10 crore, the applicable tax plus surcharge shall not exceed the amount of income exceeding Rs. 10 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge. 


For Co-operative societies

Income Tax Rate Education Cess Secondary & Higher Education Cess
Up to Rs. 10000 10% 2% 1%
Rs. 10000- Rs. 20000 20% 2% 1%
Above Rs. 20000 30% 2% 1%

Surcharge at 10% is applicable only if the income exceeds Rs. 1 crore. But the amount of Income Tax plus Surcharge shall not exceed the amount of Income which is in excess of Rs. 1 crore.

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.

 

  1. FY 2012-13 (AY 2013-14):

    For Firms (including LLP)

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% Nil 2% 1%
Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.


For Local Authorities

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% Nil 2% 1%
Surcharge is Nil

 

         For Domestic companies

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
 

30%

5% for income exceeding Rs. 1 crore  

2%

 

1%

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge. 


For Foreign companies

Tax Rate Surcharge

 

Education Cess Secondary & Higher Education Cess
50% on royalty received from Government or Indian Concern  

 

2% for income exceeding Rs. 1 crore

2% 1%
40% on any other income 2% 1%
Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge. 


For Co-operative societies

Income Tax Rate Education Cess Secondary & Higher Education Cess
Up to Rs. 10000 10% 2% 1%
Rs. 10000- Rs. 20000 20% 2% 1%
Above Rs. 20000 30% 2% 1%
Surcharge is Nil

 

  1. FY 2011-12 (AY 2012-13):

    For Firms (including LLP)

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% Nil 2% 1%
Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.


For Local Authorities

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% Nil 2% 1%
Surcharge is Nil

 

         For Domestic companies

Tax Rate Surcharge Education Cess Secondary & Higher Education Cess
30% 5% for income exceeding Rs. 1 crore 2%

 

1%

 

Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge.


For Foreign companies

Tax Rate Surcharge

 

Education Cess Secondary & Higher Education Cess
50% on royalty received from Government or Indian Concern 2% for income exceeding Rs. 1 crore 2%

 

1%

 

40% on any other income
Education cess and SHEC will be levied on the amount of tax computed, inclusive of surcharge 


For Co-operative societies

Income Tax Rate Education Cess Secondary & Higher Education Cess
Up to Rs. 10000 10% 2% 1%
Rs. 10000- Rs. 20000 20% 2% 1%
Above Rs. 20000 30% 2% 1%
Surcharge is Nil

 

 Bookmark For More Updates

 

Related posts

Leave a Comment