Tax rates: Assessment Year 2018-19 (FY 2017-18)



Individual Male



  • Up to Rs. 2,50,000Nil
  • Rs. 2,50,001 to Rs. 5,00,0005%
  • Rs. 5,00,001 to Rs. 10,00,00020%
  • Above Rs. 10,00,00030%

  • *Surcharge: 10% if total income exceeds Rs. 50 lacs and 15% if total income exceeds Rs. 1 Crore

  • Education cess and Secondary & Higher Education cess at 3% of Income Tax & Surcharge

  • Relief u/s 87A up to Rs. 2,500 for resident individuals having total income of up to Rs. 3,50,000



Individual Female



  • Up to Rs. 2,50,000Nil
  • Rs. 2,50,001 to Rs. 5,00,0005%
  • Rs. 5,00,001 to Rs. 10,00,00020%
  • Above Rs. 10,00,00030%

  • *Surcharge: 10% if total income exceeds Rs. 50 lacs and 15% if total income exceeds Rs. 1 Crore

  • Education cess and Secondary & Higher Education cess at 3% of Income Tax & Surcharge

  • Relief u/s 87A up to Rs. 2,500 for resident individuals having total income of up to Rs. 3,50,000



Senior Citizen


  • Up to Rs. 3,00,000Nil
  • Rs. 3,00,001 to Rs. 5,00,0005%
  • Rs. 5,00,001 to Rs. 10,00,00020%
  • Above Rs. 10,00,00030%

  • * Surcharge: 10% if total income exceeds Rs. 50 lacs and 15% if total income exceeds Rs. 1 Crore

  • Education cess and Secondary & Higher Education cess at 3% of Income Tax & Surcharge

  • Relief u/s 87A up to Rs. 2,500 for resident individuals having total income of up to Rs. 3,50,000




Super Senior Citizen

  • Up to Rs. 5,00,000Nil
  • Rs. 5,00,001 to Rs. 10,00,00020%
  • Above Rs. 10,00,00030%
  • * Surcharge: 10% if total income exceeds Rs. 50 lacs and 15% if total income exceeds Rs. 1 Crore
  • Education cess and Secondary & Higher Education cess at 3% of Income Tax & Surcharge






Domestic Company


  • Tax Rate 30%**
  • MAT18.5%

  • * Surcharge: 7% if total income exceeds Rs. 1 Crore and 12% if total income exceeds Rs. 10 Crores

  • Education cess and Secondary & Higher Education cess at 3% of Income Tax & Surcharge

  • ** Tax Rate is 25% if turnover or gross receipt of the company in the previous year 2015-16 doesn’t exceed Rs. 50 crore



Foreign Company



  • Tax Rate40%

  • Surcharge: 2% if total income exceeds Rs. 1 Crore and 5% if total income exceeds Rs. 10 Crores

  • Education cess and Secondary & Higher Education cess at 3% of Income Tax & Surcharge



Partnership Firm




  • Tax Rate30%

  • * Surcharge at 12% if total income exceeds Rs. 1 Crore.

  • Education cess and Secondary & Higher Education cess at 3% of Income Tax & Surcharge.









Published by Business So Simple

Hi, I am business consultant working with a team of Chartered Accountants, Company Secretaries, Lawyers & MBAs. I am promoter of " Make Your Business So Simple" "Make Education So Simple" Make Life So Simple" Make Legal Affairs So Simple".

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