Searching...
Saturday, January 18, 2020

आयकर आगणन की दरें : Tax Rates for FY 2019-20 and Assesment Year 2020-21

12:45 AM
Tax Rates (आयकर आगणन की दरें )


INCOME TAX SLAB 2019-20
COMMON TAX PAYER
INCOME RANGETAX %
UPTO 2.5 LACNIL
2.5 TO 5 LAC5%
5 TO 10 LAC20%
MORE THAN 10 LAC30%
SENIOR CITIZEN
 UPTO 3 LACNIL
 3 TO 5 LAC  5%
 5 TO 10 LAC20%
 MORE THAN 10 LAC30%
VERY SENIOR CITIZEN
 UPTO 5 LAC  NIL
 5 TO 10 LAC20%
 MORE THAN 20 LAC30%

1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person



Assessment Year 2020-21

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%
Less: Rebate under Section 87A [see Note]
Add: Surcharge and Health & Education Cess [see Note]



2. In case of a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year)




Assessment Year 2020-21
Taxable Income Tax Rate
Up to Rs. 3,00,000 Nil
Rs. 3,00,000 to Rs 5,00,000 5%
Rs. 5,00,000 to Rs. 10,00,000 20%
Above Rs. 10,00,000 30%
Less: Rebate under Section 87A [see Note]
Add: Surcharge and Health & Education Cess [see Note]



3. In case of a resident super senior citizen (who is 80 years or more at any time during the previous year)


Assessment Year 2020-21
Taxable Income Tax Rate
Up to Rs. 5,00,000 Nil
Rs. 5,00,000 to Rs. 10,00,000 20%
Above Rs. 10,00,000 30%
Add: Surcharge and Health & Education Cess [see Note]





Assessment Year 2020-21

 a)  Surcharge:
  Surcharge is levied on the amount of income-tax at following rates if the total income of an assessee exceeds specified limits:
Nature of Income
Range of Total Income
Up to Rs. 50 lakh
More than Rs. 50 lakh but up to Rs. 1 crore
More than Rs. 1 crore but up to Rs. 2 crore
More than Rs. 2 crore but up to Rs. 5 crore
More than Rs. 5 crore but up to Rs. 10 crore
More than Rs. 10 crore
Individual, HUF or Artificial Judicial Person
Short-term capital gain covered under Section 111A
Nil
10%
15%
15%
15%
15%
Long-term capital gain covered under Section 112A
Nil
10%
15%
15%
15%
15%
Any other income*
Nil
10%
15%
25%
37%
37%
* The Finance (No. 2) Act, 2019 has been amended to withdraw the enhanced surcharge, i.e., 25% or 37%, as the case may be, from income chargeable to tax under section 111A and 112A. Hence, the maximum rate of surcharge on tax payable on such incomes shall be 15%. However, where other income of a person does not exceed Rs. 2 crores but after including the incomes as referred to in section 111A and 112A, the total income exceeds Rs. 2 crores then irrespective of the amount of other income, surcharge shall be levied at the rate of 15% on the amount of tax payable on both normal income as well as income referred to in section 111A and 112A.
AOP or BOI
Short-term capital gain covered under Section 111A
Nil
10%
15%
15%
15%
15%
Long-term capital gain covered under Section 112A
Nil
10%
15%
15%
15%
15%
Short term or Long term capital gains on transfer of certain securities under section 115AD(1)(b)
Nil
10%
15%
15%
15%
15%
Any other Income*
Nil
10%
15%
25%
37%
37%
* The Finance (No. 2) Act, 2019 has been amended to withdraw the enhanced surcharge, i.e., 25% or 37%, as the case may be, from income chargeable to tax under section 111A, 112A and 115AD. Hence, the maximum rate of surcharge on tax payable on such incomes shall be 15%. However, where other income of a person does not exceed Rs. 2 crores but after including the incomes as referred to in section 111A, 112A and 115AD, the total income exceeds Rs. 2 crores then irrespective of the amount of other income, surcharge shall be levied at the rate of 15% on the amount of tax payable on both normal income as well as income referred to in section 111A, 112A and 115AD.


The surcharge shall be subject to marginal relief:
i)       Where income exceeds Rs. 50 lakhs, the total amount payable as income-tax and surcharge shall not exceed total amount payable as income-tax on total income of Rs. 50 lakhs by more than the amount of income that exceeds Rs. 50 lakhs.
ii)     where income exceeds Rs. 1 crore, the total amount payable as income-tax and surcharge shall not exceed total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore
iii)  where income exceeds Rs. 2 crore, the total amount payable as income-tax and surcharge shall not exceed total amount payable as income-tax on total income of Rs. 2 crore by more than the amount of income that exceeds Rs. 2 crore
iv)   where income exceeds Rs. 5 crore rupees, the total amount payable as income-tax and surcharge shall not exceed total amount payable as income-tax on total income of Rs. 5 crore rupees by more than the amount of income that exceeds Rs. 5 crore rupees
  b)  Health and Education Cess: The amount of income-tax and the applicable surcharge, shall be further increased by health and education cess calculated at the rate of 4% of such income-tax and surcharge.
 c)  Rebate under Section 87A: The rebate is available to a resident individual if his total income does not exceed Rs. 5,00,000. The amount of rebate shall be 100% of income-tax or Rs. 12,500, whichever is less.

संबन्धित खबरों के लिए क्लिक करें

GO-शासनादेश NEWS अनिवार्य सेवानिवृत्ति अनुकम्पा नियुक्ति अल्‍पसंख्‍यक कल्‍याण अवकाश आंगनबाड़ी आधार कार्ड आयकर आरक्षण आवास उच्च न्यायालय उच्‍च शिक्षा उच्चतम न्यायालय उत्तर प्रदेश उत्तराखण्ड उपभोक्‍ता संरक्षण एरियर एसीपी ऑनलाइन कर कर्मचारी भविष्य निधि EPF कामधेनु कारागार प्रशासन एवं सुधार कार्मिक कार्यवाही कृषि कैरियर कोर्टशाला कोषागार खाद्य एवं औषधि प्रशासन खाद्य एवम् रसद खेल गृह गोपनीय प्रविष्टि ग्रामीण अभियन्‍त्रण ग्राम्य विकास ग्रेच्युटी चतुर्थ श्रेणी चयन चिकित्सा चिकित्‍सा एवं स्वास्थ्य चिकित्सा प्रतिपूर्ति छात्रवृत्ति जनवरी जनसंख्‍या जनसुनवाई जनसूचना जनहित गारण्टी अधिनियम धर्मार्थ कार्य नकदीकरण नगर विकास निबन्‍धन नियमावली नियुक्ति नियोजन निर्वाचन निविदा नीति न्याय न्यायालय पंचायत चुनाव 2015 पंचायती राज पदोन्नति परती भूमि विकास परिवहन पर्यावरण पशुधन पिछड़ा वर्ग कल्‍याण पीएफ पुरस्कार पुलिस पेंशन प्रतिकूल प्रविष्टि प्रशासनिक सुधार प्रसूति प्राथमिक भर्ती 2012 प्रेरक प्रोन्‍नति प्रोबेशन बजट बर्खास्तगी बाट माप बेसिक शिक्षा बैकलाग बोनस भविष्य निधि भारत सरकार भाषा मकान किराया भत्‍ता मत्‍स्‍य मंहगाई भत्ता महिला एवं बाल विकास माध्यमिक शिक्षा मानदेय मानवाधिकार मान्यता मुख्‍यमंत्री कार्यालय युवा कल्याण राजस्व राज्य कर्मचारी संयुक्त परिषद राज्य सम्पत्ति राष्ट्रीय एकीकरण रोक रोजगार लघु सिंचाई लोक निर्माण लोक सेवा आयोग वरिष्ठता विकलांग कल्याण वित्त विद्युत विविध विशेष भत्ता वेतन व्‍यवसायिक शिक्षा शिक्षा शिक्षा मित्र श्रम सचिवालय प्रशासन सत्यापन सत्र लाभ सत्रलाभ समन्वय समाज कल्याण समाजवादी पेंशन समारोह सर्किल दर संवर्ग संविदा संस्‍थागत वित्‍त सहकारिता सातवां वेतन आयोग सामान्य प्रशासन सार्वजनिक उद्यम सार्वजनिक वितरण प्रणाली सिंचाई सिंचाई एवं जल संसाधन सूक्ष्म लघु एवं मध्यम उद्यम सूचना सेवा निवृत्ति परिलाभ सेवा संघ सेवानिवृत्ति सेवायोजन सैनिक कल्‍याण स्टाम्प एवं रजिस्ट्रेशन स्थानांतरण होमगाडर्स