Income Tax Slab rates for the
period April 2017 to March 2018
|
||||||
Legal
Entity
|
Income
Details
|
Tax
Rate
|
Surcharge
|
Cess
|
Net Tax Rate
|
|
Individuals/HUFS/AOP/BOI
|
Upto 2.5 Lacs **
|
|||||
2.5 Lacs to 5 Lacs
|
5.00%
|
–
|
0.15%
|
5.15%
|
||
5 Lacs to 10 Lacs
|
20.00%
|
–
|
0.60%
|
20.60%
|
||
10 Lacs to 50 Lacs
|
30.00%
|
–
|
0.90%
|
30.90%
|
||
50 Lacs to 1 Crore
|
30.00%
|
3.00%
|
0.99%
|
33.99%
|
||
> 1 Crore
|
30.00%
|
4.50%
|
1.04%
|
35.54%
|
||
|
||||||
Corporates
|
|
|||||
|
|
|||||
Domestic Companies
|
|
|||||
Turnover ## > 50 Crores
|
Upto 1 Crore
|
30.00%
|
–
|
0.90%
|
30.90%
|
|
1 Crore to 10 Crore
|
30.00%
|
2.10%
|
0.96%
|
33.06%
|
||
> 10 Crore
|
30.00%
|
3.60%
|
1.01%
|
34.61%
|
||
|
||||||
Turnover ## < 50 Crores
|
Upto 1 Crore
|
25.00%
|
–
|
0.75%
|
25.75%
|
|
1 Crore to 10 Crore
|
25.00%
|
1.75%
|
0.80%
|
27.55%
|
||
> 10 Crore
|
25.00%
|
3.00%
|
0.84%
|
28.84%
|
||
|
||||||
Partnership Firms /LLP’s
|
Upto 1 Crore
|
30.00%
|
–
|
0.90%
|
30.90%
|
|
> 1 Crore
|
30.00%
|
3.60%
|
1.01%
|
34.61%
|
||
**
|
||||||
If Age is
|
Exemption Limit
|
|||||
0-59
|
2.5 Lacs
|
|||||
60-79
|
3 Lacs
|
|||||
>=80
|
5 Lacs
|
|||||
## – Turnover for the period April
2015 to March 2016 is to be considered
|
Saturday, 18 February 2017
Income Tax New Slab Rates AY 2018-19
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