Income-tax Rates for AY : 2018-19 and AY : 2019-20
Income Slabs
Individuals (Upto 60 Years), HUFs, AOPs
Senior Citizen (60 to 80 Years)
Very Senior Citizen (Above 80 Years)
AY : 2018-19
AY : 2019-20
AY : 2018-19
AY : 2019-20
AY : 2018-19
AY : 2019-20
Upto Rs. 2,50,000
NIL
NIL
Rs. 2,50,001 to Rs. 3,00,000
5%
5%
Rs. 3,00,001 to Rs. 5,00,000
5%
5%
5%
5%
Rs. 5,00,001 to Rs. 10,00,000
20%
20%
20%
20%
20%
20%
Rs. 10,00,001 and above
30%
30%
30%
30%
30%
30%
Education Cess & SHE : 3% of Income-tax for AY : 2018-19
Health & Education Cess : 4% of Income-tax for AY: 2019-20
Note : For AY : 2018-19 and 2019-20, Surcharge @ 10% on individuals, HUFs, AOPs, BOIs, having income exceeding Rs. 50 Lakh upto 1 Crore and @ 15% for income exceeding Rs. 1 Crore.
Income-Tex Rates For Last Eight Years
Ind/HUF/AOP AY >
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
Basic Exemtion
1,80,000
2,00,000
2,00,000
2,50,000
2,50,000
2,50,000
2,50,000
2,50,000
Upto Rs. 5,00,000
10%
10%
10%
10%
10%
10%
5%
5%
Next Rs. 3,00,000
20%
20%
20%
20%
20%
20%
20%
20%
Next Rs. 2,00,000
30%
20%
20%
20%
20%
20%
20%
20%
Above Rs. 10,00,000
30%
30%
30%
30%
30%
30%
30%
30%
Note : Tax rebate given to individuals with net income equal to or less than Rs. 5 lakhs under section 87A being Rs. 5,000 or Tax Payable, whichever is lower.
Firms/LLP AY >
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
Tax Rate
30%
30%
30%
30%
30%
30%
30%
30%
Surcharge (if net income exceeds Rs. 1 Crore)
NIL
NIL
10%
10%
12%
12%
12%
12%
Alternate Minimum Tax (AMT) (% of Book Profit)
18.50% For LLP
18.50%
18.50%
18.50%
18.50%
18.50%
18.50%
18.50%
Education Cess/SHE Cess
3%
3%
3%
3%
3%
3%
3%
NIL
Health & Education Cess
NIL
NIL
NIL
NIL
NIL
NIL
NIL
4%
Note : As per Section 115JC, where the regular tax of any person other than a company is less than the AMT on adjusted total income, such person other than a company shall be liable to pay AMT.
Domestic Company
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
Tax Rate
(AY 2017-18, Company having turnover exceeding Rs. 5 Cr in PY 2014-15, Tax @ 29%)
(AY 2018-18, Company having turnover exceeding Rs. 50 Cr in PY 2015-16, Tax @ 25%)
(AY 2019-20, Company having turnover exceeding Rs. 250 Cr in PY 2016-17, Tax @ 25%)
30%
30%
30%
30%
30%
30/29%
20/25%
30/25%
Surcharge
Total income exceeding Rs. 1 Cr but upto Rs. 10 Cr
Total Income exceeding Rs. 10 Cr
5%
5%
5%
5%
5%
10%
5%
10%
7%
12%
7%
12%
7%
12%
7%
12%
Alternate Minimum Tax (AMT) (% of Book Profit)
18.50%
18.50%
18.50%
18.50%
18.50%
18.50%
18.50%
18.50%
C/F of MAT Credit
10 Yrs
10 Yrs
10 Yrs
10 Yrs
10 Yrs
10 Yrs
15 Yrs
15 Yrs
Dividend Tax u/s 115-)
15%
15%
15%
15%
15%
15%
15%
15%@
Surcharge
5%
5%
5%
10%
12%
12%
12%
12%
Education Cess & SHE
3%
3%
3%
3%
3%
3%
3%
NIL
@ On or after April 1, 2018, Loans and Advances given by company which is deemed dividend u/s 2(22)(e) shall be taxed as :
1. 30% (without grossing up) + (12% surcharge on tax and 4% HEC on surcharge and tax)
2. Such dividend shall be exempt in the hands of the recipient u/s 10(34).
Capital Gain Index
Financial Year
Index
Financial Year
Index
2001-02
100
2010-11
167
2002-03
105
2011-12
184
2003-04
109
2012-13
200
2004-05
113
2013-14
220
2005-06
117
2014-15
240
2006-07
122
2015-16
254
2007-08
129
2016-17
264
2008-09
137
2017-18
272
2009-10
148
Rates of TDS
TDS RATE CHART ( FINANCIAL YEAR : 2018-19; ASSESSMENT YEAR : 2019-20)
Nature of Payment made to resident
Threshold Limit
Company, Firm, Co-op. Society, Local Authority
Individual and HUF
If No/ Invalid PAN
Section
Description
Rate
Rate
Rate
194A
Interest - Payable by Banks
10,000
10%
10%
20%
Interest - Payable by Others
5,000
10%
10%
20%
194B
Winning from Lotteries/Crossword Puzzle
10,000
30%
30%
20%
194C
Payment to Contractors - Single Transaction
30,000
2%
1%
20%
Payment to Contractors - Aggregate during FY
1,00,000
2%
1%
20%
194D
Insurance Commission
20,000
5%
10%
20%
194DA
Payment in respect of Life Insurance Policies
1,00,000
1%
1%
20%
194H
Commission/Brokerage
15,000
5%
5%
20%
194I
Rent
180,000
10%
10%
20%
Rent - Plant/Machinery
180,000
2%
2%
20%
194IA
Payment on transfer of certain immovable property
other than agricultural land
50,00,000
1%
1%
N.A.
194J
Professional & Technical Know How Fee
30,000
10%
10%
20%
Major Rebates Under Section 80 of The Income-Tax Act, 1961
Particulars AY >
U/S
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
LIC/NSC/PF/Tuition Fee/ULIP/ELSS MG/ Bank FDR (5yrs)/ H. Loan Repayment/ EPF/Stamp Duty on Resi. House, Sukanya Samridhi Scheme
80C
1,00,000
1,00,000
1,00,000
1,50,000
1,50,000
1,50,000
1,50,000
1,50,000
Pension Fund
80CCC
1,00,000
1,00,000
1,00,000
1,50,000
1,50,000
1,50,000
1,50,000
1,50,000
Long Term Infrastructure Bond
80CCF
20,000
--
--
--
--
--
--
--
Mediclaim (Payment by any mode other than cash)
[For Very Sr. Citizen)
80D
15,000*
20,000*
15,000*
20,000*
15,000*
20,000*
15,000*
20,000*
25,000*
30,000*
25,000*
30,000*
25,000*
30,000*
25,000*
30,000*
Additional deduction for any payment of Mediclaim for parents Rs. 25,000 (For non senior citizen parents), Rs. 50,000 (For senior citizen parents)
Preventive health check up of self, spouse, dependent children upto Rs. 5,000/- included in above limit.
Maintenance of Dependent –
With Disability
With Severe Disability
80DD
50,000
1,00,000
50,000
1,00,000
50,000
1,00,000
50,000
1,00,000
75,000
1,25,000
75,000
1,25,000
75,000
1,25,000
75,000
1,25,000
Medical Treatment of Dependent/ Senior Citizen/ Very Senior Citizen
80DDB
40,000
60,000
40,000
60,000
40,000
60,000
40,000
60,000
40,000
60,000
80,000
40,000
60,000
80,000
40,000
60,000
80,000
40,000
1,00,000
Interest on Loan on Higher Education
80E
The amount of interest paid during the previous year upto 8 AY or until the interest referred is paid full, whichever is earlier.
Interest on Loan for Residential House Property
80EE
Upto Rs. 50,000/- subject to specified condition (w.e.f. AY : 017-18)(The limit is over and above Rs. 2 Lakh u/s 24)
Donation
80G
50%/100% of Donation or 10% of adjusted GTI, whichever is lower (No deduction if donation in cash exceeds Rs. 2,000- w.e.f. AY : 2018-19)
Rent Paid
80GG
Lower of (i) Rent paid- 10% of Adjusted Total Income; (ii) 25% of Adjusted Total Income; (iii) Rs. 5,000/- per month
Investment in Equity saving scheme
80CCG
50% of total investment subject to maximum of Rs. 25,000.
(Deduction u/s 80CCG will discontinue from AY : 2018-19 for those who have not availed its benefit earlier)
Person with disability
80U
Rs. 75,000/- in case of a person with disability and Rs. 1,25,000/- in case of a person with severe disability.
Interest on Deposit in Savings Bank A/c
80TTA
Upto Rs. 10,000/- shall be allowed to individuals and HUF (w.e.f. AY : 2018-19, this section is not applicable to senior citizens claiming deduction u/s 80TTB)
Interest on Deposits
80TTB
Applicable to senior citizens.
Upto Rs. 50,000/- shall be allowed to resident individuals
Note : Under 80C, 80CCC & 80CCD [i.e. employee & employer or any other individual assessee contribution towards notified Pension Scheme (NPS) cannot exceed Rs. 1 Lakh (applicable for AY : 2006-07 to 2014-15) and form AY : 2015-16, the deduction u/s 80C, 80CCC & 80CCD(1) [i.e. contribution by employee (or any other individual) towards NPS cannot exceed Rs. 1.50 Lakh, an additional deduction of Rs. 50,000 is available for contribution to NPS u/s 80CCD(1B)].
Gold & Silver Rates
Gold and Silver Rates since 01.04.2001
Date
Std. 24 Carats Gold per 10 Gram
Silver 999 Touch per 1 Kg.
Date
Std. 24 Carats Gold per 10 Gram
Silver 999 Touch per 1 Kg.
Date
Std. 24 Carats Gold per 10 Gram
Silver 999 Touch per 1 Kg.
31.03.2001
4190
7215
31.03.2007
9395
19520
31.03.2013
29610
54030
31.03.2002
5010
7875
31.03.2008
12125
23625
31.03.2014
28470
43070
31.03.2003
5310
7695
31.03.2009
15105
22165
31.03.2015
26245
37825
31.03.2004
6065
11770
31.03.2010
16320
27255
31.03.2016
28340
36990
31.03.2005
6180
10675
31.03.2011
20775
56900
31.03.2017
28950
42000
31.03.2006
8490
17405
31.03.2012
28040
56290
31.03.2018
30680
38355
Note : 1 Tola = 11.664 Grams; 10 Grams = 0.857 Tola
Value of gold contained in gold ornaments should be reduced by 14 to 20 per cent of ruling rates of standard gold, as per the practice prevalent in the bullion market and the amount of reduction has to be worked out in the following manner :
Plain gold bangles and ornaments made of solid gold
Other gold ornaments
Difference in value between 24 carats of standard gold and 22 carats of gold ornaments (gold ornaments are generally made of 22 carats of gold)
8.33%
8.33%
Soldering made of copper, silver, etc., used in making ornaments
2.50% to 5%
8.33%
Shortage of gold in melting, mint charges payable to Government, expenditure of freight, insurance, etc., of sending gold ornaments to approved mint for conversion into standard gold bars
1.25%
1.25%
Margin of profit of the dealer when ornaments are sold in market
2%
2%
Total reduction
14.08% to 16.58%
19.91%
MCA Filing Fee
Authorised Share Capital
Filing Fee
Rs. One Lakh or more but less than Rs. Five Lakh
Rs. 300/-
Rs. Five Lakh or more but less than Rs. Twenty Five Lakh
Rs. 400/-
Rs. Twenty Five Lakh or more
Rs. 600/-
Table to Additoional Fee required to be paid
Period of Delay
Additional Fee
Upto 15 days
One times of normal fee
More than 15 days and upto 30 days
Two times of normal fee
More than 30 days and upto 60 days
Four times of normal fee
More than 60 days and upto 90 days
Six times of normal fee
More than 90 days and upto 180 days
Ten times of normal fee
More than 180 days and upto 270 days
Twelve times of normal fee
Note : With effect from 1st July, 2018, the Additional Fee payable would be fee payable as per Chart give above plus Rs. 100 per day of default beyong 30th June, 2018
Additional Fee required for Form SH-7 for increase in Authorised Share Capital
