Taxable income | Tax Rate |
---|---|
Up to Rs. 2,50,000 | Nil |
Rs. 2,50,000 to Rs. 5,00,000 | 5% |
Rs. 5,00,000 to Rs. 10,00,000 | 20% |
Above Rs. 10,00,000 | 30% |
Taxable income | Tax Rate |
---|---|
Up to Rs. 3,00,000 | Nil |
Rs. 3,00,000 – Rs. 5,00,000 | 5% |
Rs. 5,00,000 – Rs. 10,00,000 | 20% |
Above Rs. 10,00,000 | 30% |
Taxable income | Tax Rate |
---|---|
Up to Rs. 5,00,000 | Nil |
Rs. 5,00,000 – Rs. 10,00,000 | 20% |
Above Rs. 10,00,000 | 30% |
Surcharge: 10% of tax where total income exceeds Rs. 50 lakh
15% of tax where total income exceeds Rs. 1 crore
Education cess: 3% of tax plus surcharge
Note: A resident individual is entitled for rebate u/s 87A if his total income does not exceed Rs. 3,50,000. The amount of rebate shall be 100% of income-tax or Rs. 2,500, whichever is less.
A partnership firm (including LLP) is taxable at 30%.
Surcharge: 12% of tax where total income exceeds Rs. 1 crore
Education cess: 3% of tax plus surcharge
Taxable income | Tax Rate |
---|---|
Up to Rs. 2,50,000 | Nil |
Rs. 2,50,000 to Rs. 5,00,000 | 5% |
Rs. 5,00,000 to Rs. 10,00,000 | 20% |
Above Rs. 10,00,000 | 30% |
Surcharge: 10% of tax where total income exceeds Rs. 50 lakh
15% of tax where total income exceeds Rs. 1 crore
Education cess: 3% of tax plus surcharge
A local authority is taxable at 30%.
Surcharge: 12% of tax where total income exceeds Rs. 1 crore
Education cess: 3% of tax plus surcharge
A domestic company is taxable at 30%. However, tax rate is 25% if turnover or gross receipt of the company does not exceed Rs. 50 crore.
Surcharge: 7% of tax where total income exceeds Rs. 1 crore. 12% of tax where total income exceeds Rs. 10 crore
Education cess: 3% of tax plus surcharge
A foreign company is taxable at 40%
Surcharge: 2% of tax where total income exceeds Rs. 1 crore. 5% of tax where total income exceeds Rs. 10 crore
Education cess: 3% of tax plus surcharge
Taxable income | Tax Rate |
---|---|
Up to Rs. 10,000 | 10% |
Rs. 10,000 to Rs. 20,000 | 20% |
Above Rs. 20,000 | 30% |
Surcharge: 12% of tax where total income exceeds Rs. 1 crore
Education cess: 3% of tax plus surcharge
DUE DATE | ADVANCE TAX PAYABLE |
---|---|
On or Before 15th June | 15% of Advance Tax |
On or before 15th September | 45% of Advance Tax |
On or Before 15th December | 75% of Advance Tax |
On or Before 15th March | 100% of Advance Tax |