| Categorized based on age group | |||
| Particulars | Category | Based on Age | Based on date of Birth |
| Individual-Resident
| Non Senior Citizen | Aged below 60 years | Born on or after 01.04.1958 |
| Senior Citizen | Aged 60 or above but below 80 years | Born on or after 01.04.1938 but before 01.04.1958 | |
| Super Senior Citizen | Aged above 80 years | Born before 01.04.1938 | |
| Particulars | Income Tax Rates | ||
| Income Slabs | Non- senior Citizens | Senior Citizens | Super Senior Citizens |
| Upto Rs. 2,50,000 | Nil | Nil | Nil |
| Rs. 2,50,001 to Rs. 3,00,000 | 5% | Nil | Nil |
| Rs. 3,00,001 to Rs. 5,00,000 | 5% | 5% | Nil |
| Rs. 5,00,001 to Rs. 10,00,000 | 20% | 20% | 20% |
| Above Rs. 10,00,000 | 30% | 30% | 30% |
| Particulars | Assessee |
| Income Slabs | Income Tax Rates |
| Upto Rs. 2,50,000 | Nil |
| Rs. 2,50,001 to Rs. 5,00,000 | 5% |
| Rs. 5,00,001 to Rs. 10,00,000 | 20% |
| Above Rs. 10,0,000 | 30% |
(NRI – Non Resident Individual ; HUF – Hindu Undivided Family ; AOP – Association of Persons ; BOI – Body of Individuals; AJP – Artificial Judicial Persons)
Benefits under this section are not applicable to NRI or HUF or AOP or BOI or AJP
| Surcharge for different Income Tax Slabs for FY 2017-18 i.e. AY 2018-19 | |
| Income Slabs | Rate of Surcharge |
| Upto Rs. 50 lakhs | Nil |
| Above Rs. 50 lakhs upto Rs. 1 crore | 10% |
| Above Rs. 1 crore | 15% |
It is calculated on Income tax payable. However, it is to be noted that the amount of Income Tax and Surcharge should not increase the amount of income tax payable on a taxable income by more than the amount of increase in taxable income. Following are the rates of surcharge applicable for various income slabs
It is levied at 3% on total income tax and surcharge.
| Particulars | Assessee |
| Income Slabs | Income Tax Rates |
| Upto Rs. 10,000 | 10% |
| Rs. 10,000 to Rs. 20,000 | 20% |
| Above Rs. 20,000 | 30% |
Benefits under this section is not available to Co – operative Society.
| Surcharge for different Income Tax Slabs for FY 2017-18 i.e. AY 2018-19 | |
| Income Slabs | Rate of Surcharge |
| Upto. Rs. 1 crore | Nil |
| Above Rs. 1 crore | 12% |
It is calculated on Income tax payable. However, it is to be noted that the amount of Income Tax and Surcharge should not increase the amount of income tax payable on a taxable income by more than the amount of increase in taxable income. Following are the rates of surcharge applicable for various income slabs
It is levied at 3% on total income tax and surcharge.
| Particulars | Assessee |
| Income Slabs | Income Tax Rates |
| Taxable Income | 30 % |
Benefits under this section is not available to firm or local authority.
| Surcharge for different Income Tax Slabs for FY 2017-18 i.e. AY 2018-19 | |
| Income Slabs | Rate of Surcharge |
| Upto. Rs. 1 crore | Nil |
| Above Rs. 1 crore | 12% |
It is calculated on Income tax payable. However, it is to be noted that the amount of Income Tax and Surcharge should not increase the amount of income tax payable on a taxable income by more than the amount of increase in taxable.
It is levied at 3% on total income tax and surcharge.
| Particulars | Income Tax Rates | |
| Income Slabs | Turnover upto Rs. 50 crores in P.Y 2015-16 | Turnover above Rs. 50 crores |
| Taxable Income | 25% | 30% |
Benefits under this section is not available to domestic company.
| Surcharge for different Income Tax Slabs for FY 2017-18 i.e. AY 2018-19 | ||
| Income Slabs | Rate of Surcharge | |
| Turnover upto Rs. 50 crores | Turnover above Rs. 50 crores | |
| Upto. Rs. 1 Crore | Nil | Nil |
| Above Rs. 1 Crore to Rs. 10 Crores | 7% | 7% |
| Above Rs. 10 Crores | 12% | 12% |
It is calculated on Income tax payable. However, it is to be noted that the amount of Income Tax and Surcharge should not increase the amount of income tax payable on a taxable income by more than the amount of increase in taxable.
It is levied at 3% on total income tax and surcharge.
| Particulars | Assessee |
| Taxable Income | Income Tax Rates |
| Royalties received from Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern after the 31st day of March, 1961 but before the 1st day of April, 1976 | 50% |
| Fees for rendering technical services received from Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern after the 29th day of February, 1964 but before the 1st day of April, 1976, and where such agreement has, in either case, been approved by the Central Government. | 50% |
| Others | 40% |
Benefits under this section is not available to company other than domestic company
| Surcharge for different Income Tax Slabs for FY 2017-18 i.e. AY 2018-19 | |
| Income Slabs | Rate of Surcharge |
| Upto. Rs. 1 crore | Nil |
| Above Rs. 1 crore | 2% |
| Above Rs. 10 crores | 5% |
It is calculated on Income tax payable. However, it is to be noted that the amount of Income Tax and Surcharge should not increase the amount of income tax payable on a taxable income by more than the amount of increase in taxable.
It is levied at 3% on total income tax and surcharge.