INCOME SLAB RATES FOR AY 2018-19

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CONTENTS

Income Slab Rates for AY 2018-19 – Resident Individuals. Income Slab Rates for AY 2018-19 – Senior Citizens Income Slab Rates for AY 2018-19 – Super Senior Citizens Income Slab Rates for AY 2018-19 – HUF/ NRI/ AOP Income Slab Rates for AY 2018-19 – Firms Income Slab rates for AY 2018-19 – Domestic Company Income Slab rates for AY 2018-19 – Foreign Company Income Slab rates for AY 2018-19 – Local Authority Income Slab rates for AY 2018-19 – cooperative Societies

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Income Slab Rates for AY 2018-19 – Resident Individuals

Surcharge: The surcharge will be 10% of the taxable Income

between Rs. 50 lakhs to Rs. 1 crore. The surcharge will be 15% of the taxable income

above 1 crore.powered by www.incometaxcalculatorindia.com

Income Slab Rates for AY 2018-19 – Senior Citizens

Surcharge: Surcharge is 10% for the taxable Income

between Rs. 50 lakhs to 1 crore. The surcharge is 15% of taxable Income

above 1 crore.powered by www.incometaxcalculatorindia.com

Income Slab Rates for AY 2018-19 – Super Senior Citizens

Surcharge: The surcharge is 10% of the taxable income

between Rs. 50 lakhs and  Rs. 1 crore. The surcharge is 15% of the taxable income

above Rs. 1 crore.powered by www.incometaxcalculatorindia.com

Income Slab Rates for AY 2018-19 – HUF/ NRI/ AOP

Surcharge: The surcharge will be 10% of the taxable Income

between Rs. 50 lakhs to Rs. 1crore. The surcharge will be 15% of the taxable income

above 1 crore.powered by www.incometaxcalculatorindia.com

Income Slab Rates for AY 2018-19 – Firms

Education cess for Bussiness firm is 2% of the Total Income Tax.

Secondary and Higher Education Cess for firms is 1% of the Total Income Tax.

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Income Slab rates for AY 2018-19 – Domestic Company

Surcharges: If the Domestic company Income is more

than Rs. 1 crore the surcharge is 7% of the taxable Income.

If the total taxable income is more than Rs. 10 crores then the surcharge is 12% of the taxable Income.

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Income Slab rates for AY 2018-19 – Foreign Company

Foreign Firm Surcharge: The surcharge is 2% of the Income Tax if the

income Range is between Rs. 1 crore to Rs. 10 crores.

If the Net Income range is more than Rs. 10 crores then the surcharge for foreign Firm is 5%.

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Income Slab rates for AY 2018-19 – Local Authority

There is no change in the Local authority slab rates when compared to previous year budget. The effective tax rate for the local authority is 30.9%.

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Income Slab rates for AY 2018-19 – cooperative Societies

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